PACCAR Inc. (PCAR) to Issue Quarterly Dividend of $0.35 on September 2nd

PACCAR Inc. (NASDAQ:PCAR) announced a quarterly dividend on Tuesday, July 14th. Stockholders of record on Wednesday, August 12th will be paid a dividend of 0.35 per share on Wednesday, September 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Wednesday, August 12th.

PACCAR has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 5 consecutive years. PACCAR has a dividend payout ratio of 20.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect PACCAR to earn $7.01 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 20.0%.

PACCAR Price Performance

PCAR opened at $133.11 on Monday. The stock has a market capitalization of $70.06 billion, a PE ratio of 27.96, a price-to-earnings-growth ratio of 1.06 and a beta of 0.97. The stock’s 50 day moving average price is $123.62 and its 200-day moving average price is $121.33. PACCAR has a 52-week low of $92.25 and a 52-week high of $139.24. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.90 and a current ratio of 3.12.

PACCAR (NASDAQ:PCAR) last released its earnings results on Tuesday, July 28th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.07. PACCAR had a return on equity of 12.73% and a net margin of 9.00%.The firm had revenue of $7.55 billion for the quarter, compared to analysts’ expectations of $7.05 billion. During the same period in the prior year, the firm posted $1.37 earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. On average, equities research analysts predict that PACCAR will post 5.85 EPS for the current year.

PACCAR Company Profile

PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company’s products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR’s core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.

In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.