BELLEVUE, WA – Paccar Inc.’s board of directors have declared a $1 per share extra cash dividend, payable on Jan. 6, 2015, to stockholders of record at the close of business on December 19, 2014.

The board of directors also declared a regular quarterly cash dividend in the amount of twenty-two cents ($.22) per share, payable on March 5, 2015, to stockholders of record at the close of business on February 13, 2015.

According to Paccar’s executive chairman, Mark Pigott, the company’s recent profits and strong cash flow have enabled it to invest in new innovative quality vehicles, expand its aftermarket distribution centers and enhance its production facilities.

Ron Armstrong, chief executive officer, chalked the results up to strong truck sales in the U.S. and Canada, and excellent aftermarket parts and financial services results worldwide.

“Paccar’s North American customers are benefiting from good economic growth, record freight tonnage, lower fuel prices, and the excellent operating efficiency of our industry-leading Kenworth and Peterbilt trucks,” he said. “Kenworth and Peterbilt U.S. and Canada Class 8 truck orders through November were 46 percent higher compared with the same period last year. U.S. and Canada Class 8 truck industry retail sales this year are expected to be the highest since 2006.”