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Article: PACCAR Declares Extra Cash Dividend; Increases Quarterly Dividend.
- Article from:
- Business Wire
- Article date:
- December 10, 1998
CopyrightCOPYRIGHT 1998 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BELLEVUE, Wash.--(BUSINESS WIRE)--Dec. 10, 1998--PACCAR Inc's (Nasdaq:PCAR) board of directors today declared an extra cash dividend in the amount of one dollar and sixty cents ($1.60) and increased its regular quarterly dividend 33 percent from fifteen cents to twenty cents ($.20) per share, according to Mark C. Pigott, PACCAR chairman and chief executive officer.
"The board's action today recognizes an excellent year for PACCAR. The truck market in North America demonstrated remarkable strength during the entire year. In Europe, PACCAR benefitted from both strong demand and an increasing share of the market," said Pigott.
The extra cash dividend will ...