We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
PACCAR (PCAR) Hike Dividend, Boosts Shareholders' Value
Read MoreHide Full Article
PACCAR Inc. (PCAR - Free Report) announced an extra cash dividend of 60 cents per share. This dividend will be paid on Jan 6, 2017, to shareholders on record as of Dec 16, 2016. The board of directors also declared a quarterly dividend of 24 cents per share. The dividend will be paid on Mar 7, 2017, to shareholders on record as of Feb 14, 2017.
PACCAR has a robust financial position and promising long-term business prospects, which have allowed it to effectively deploy capital since 1941. In Dec 2015, PACCAR announced an extra cash dividend of $1.40 per share. The additional dividend reflects management’s confidence in the business. In the last six years, the company’s regular quarterly dividend payout has increased more than 165%.
PACCAR has outperformed the Zacks categorized Auto Manufacturers-Domestic industry in the last three months driven by benefits from a sizeable market share in the U.S. and Canada along with active capital deployment. The company’s expansion plans as well as rising European sales also drove the share price. The company’s shares have increased 12.07% in the last three months, compared with a 3.78% hike recorded by the industry.
Zacks Rank & Key Picks
Currently, PACCAR carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the auto space include Allison Transmission Holdings, Inc. (ALSN - Free Report) , America's Car-Mart Inc. (CRMT - Free Report) and Rush Enterprises, Inc. (RUSHA - Free Report) .
Allison Transmission has a long-term growth rate of 11%.
America's Car-Mart has a long-term growth rate of 45.50%.
Rush Enterprises, carrying a Zacks Rank #2 (Buy), has a long-term expected growth rate of 15%.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
See More Zacks Research for These Tickers
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
PACCAR (PCAR) Hike Dividend, Boosts Shareholders' Value
PACCAR Inc. (PCAR - Free Report) announced an extra cash dividend of 60 cents per share. This dividend will be paid on Jan 6, 2017, to shareholders on record as of Dec 16, 2016. The board of directors also declared a quarterly dividend of 24 cents per share. The dividend will be paid on Mar 7, 2017, to shareholders on record as of Feb 14, 2017.
PACCAR has a robust financial position and promising long-term business prospects, which have allowed it to effectively deploy capital since 1941. In Dec 2015, PACCAR announced an extra cash dividend of $1.40 per share. The additional dividend reflects management’s confidence in the business. In the last six years, the company’s regular quarterly dividend payout has increased more than 165%.
PACCAR INC Price
PACCAR INC Price | PACCAR INC Quote
Price Performance
PACCAR has outperformed the Zacks categorized Auto Manufacturers-Domestic industry in the last three months driven by benefits from a sizeable market share in the U.S. and Canada along with active capital deployment. The company’s expansion plans as well as rising European sales also drove the share price. The company’s shares have increased 12.07% in the last three months, compared with a 3.78% hike recorded by the industry.
Zacks Rank & Key Picks
Currently, PACCAR carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the auto space include Allison Transmission Holdings, Inc. (ALSN - Free Report) , America's Car-Mart Inc. (CRMT - Free Report) and Rush Enterprises, Inc. (RUSHA - Free Report) .
Both Allison Transmission and America's Car-Mart sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Allison Transmission has a long-term growth rate of 11%.
America's Car-Mart has a long-term growth rate of 45.50%.
Rush Enterprises, carrying a Zacks Rank #2 (Buy), has a long-term expected growth rate of 15%.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>