Market Pulse Archives

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%

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Paccar Inc. (PCAR)
  • X
    Industrial Select Sector SPDR ETF (XLI)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

Paccar Inc. /zigman2/quotes/207923670/composite PCAR -0.54% 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 -0.96% of 1.23% and the implied yield for the S&P 500 /zigman2/quotes/210599714/realtime SPX -1.80% 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
$ 91.81
-0.49 -0.54%
Volume: 917,391
Jan. 21, 2022 3:09p
P/E Ratio
18.36
Dividend Yield
1.48%
Market Cap
$32.04 billion
Rev. per Employee
$862,996
loading...
/zigman2/quotes/202026558/composite
US : U.S.: NYSE Arca
$ 101.16
-0.98 -0.96%
Volume: 24.05M
Jan. 21, 2022 3:10p
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,402.25
-80.48 -1.80%
Volume: 2.15B
Jan. 21, 2022 3:10p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.