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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 +0.04% 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 -0.40% of 1.23% and the implied yield for the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.81% 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
$ 92.34
+0.04 +0.04%
Volume: 241,737
Jan. 21, 2022 10:28a
P/E Ratio
18.34
Dividend Yield
1.48%
Market Cap
$32.04 billion
Rev. per Employee
$862,996
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/zigman2/quotes/202026558/composite
US : U.S.: NYSE Arca
$ 101.73
-0.41 -0.40%
Volume: 5.34M
Jan. 21, 2022 10:29a
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/zigman2/quotes/210599714/realtime
US : S&P US
4,446.54
-36.19 -0.81%
Volume: 717.18M
Jan. 21, 2022 10:29a
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