BELLEVUE, Wash. — Paccar’s board of directors has declared a 50 per cent stock dividend of the company’s common stock.
Shareholders will get one additional share for each two shares held. The new shares will be issued on May 28, to stockholders of record at the close of business on May 10.
“Paccar has earned a profit for 62 consecutive years and is the product quality leader in the industry,” says Mark Pigott, Paccar chairman and chief executive officer.
The board of directors also declared a quarterly cash dividend in the amount of twenty cents per share, payable on June 14, to stockholders of record at the close of business on June 3.
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