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Dec. 7, 2021, 1:25 p.m. EST

Paccar to pay out extra dividend of $1.50 a share, effectively boosting implied yield to above 3%

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By Tomi Kilgore

Paccar Inc. /zigman2/quotes/207923670/composite PCAR -0.07% said Tuesday that shareholders of record on Dec. 17 will be paid an extra cash dividend of $1.50 a share on Jan. 5, 2022. The truck maker's stock slipped less than 0.1% in afternoon trading. The company also said it will pay its regular quarterly dividend of 34 cents a share on March 1, to shareholders of record on Feb. 8. Excluding the extra dividend, the regular annual dividend rate implied a dividend yield of 1.55% at current stock prices. That compares with the yield for the SPDR Industrial Select Sector ETF /zigman2/quotes/202026558/composite XLI -0.87% of 1.23% and the implied yield for the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.15% of 1.32%. Including the extra dividend, the implied yield for Paccar's stock jumps to 3.27%.

/zigman2/quotes/207923670/composite
US : U.S.: Nasdaq
$ 93.88
-0.07 -0.07%
Volume: 2.77M
Jan. 26, 2022 4:00p
P/E Ratio
17.65
Dividend Yield
1.45%
Market Cap
$32.62 billion
Rev. per Employee
$904,704
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/zigman2/quotes/202026558/composite
US : U.S.: NYSE Arca
$ 99.90
-0.88 -0.87%
Volume: 27.63M
Jan. 26, 2022 4:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,349.93
-6.52 -0.15%
Volume: 3.23B
Jan. 26, 2022 5:12p
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