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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 -1.28% 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 -0.52% of 1.23% and the implied yield for the S&P 500 /zigman2/quotes/210599714/realtime SPX -1.04% 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
$ 110.18
-1.43 -1.28%
Volume: 1.62M
Feb. 3, 2023 4:00p
P/E Ratio
12.76
Dividend Yield
1.36%
Market Cap
$38.32 billion
Rev. per Employee
$1.01M
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/zigman2/quotes/202026558/composite
US : U.S.: NYSE Arca
$ 102.85
-0.54 -0.52%
Volume: 13.57M
Feb. 3, 2023 4:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,136.48
-43.28 -1.04%
Volume: 0.00
Feb. 3, 2023 4:54p
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