PACCAR Inc. (NASDAQ:PCAR) Plans Quarterly Dividend of $0.33

PACCAR Inc. (NASDAQ:PCAR) announced a quarterly dividend on Tuesday, September 9th. Investors of record on Wednesday, November 12th will be given a dividend of 0.33 per share on Wednesday, December 3rd. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, November 12th.

PACCAR has a payout ratio of 19.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect PACCAR to earn $9.14 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 14.4%.

PACCAR Stock Performance

NASDAQ:PCAR opened at $98.66 on Thursday. The stock’s 50-day simple moving average is $98.29 and its 200 day simple moving average is $96.22. The firm has a market capitalization of $51.81 billion, a PE ratio of 16.89, a price-to-earnings-growth ratio of 3.92 and a beta of 0.94. The company has a quick ratio of 2.80, a current ratio of 3.02 and a debt-to-equity ratio of 0.57. PACCAR has a twelve month low of $84.65 and a twelve month high of $118.81.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.09. The business had revenue of $6.96 billion for the quarter, compared to analyst estimates of $7.02 billion. PACCAR had a return on equity of 18.25% and a net margin of 9.88%.PACCAR’s revenue was down 15.7% compared to the same quarter last year. During the same period last year, the firm posted $2.13 earnings per share. On average, analysts anticipate that PACCAR will post 7.57 EPS for the current fiscal year.

About PACCAR

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Canada, Europe, Mexico, South America, Australia, and internationally. It operates through three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks for the over-the-road and off-highway hauling of commercial and consumer goods.