|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||91.17 - 92.22|
|52-week range||91.17 - 92.22|
|Beta (5Y monthly)||1.03|
|PE ratio (TTM)||22.52|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
PACCAR Inc’s Board of Directors today approved an increase of 6% in the regular quarterly cash dividend from thirty-two cents ($.32) per share to thirty-four cents ($.34) per share. The dividend will be payable on June 2, 2021, to stockholders of record at the close of business on May 12, 2021.
"PACCAR (Nasdaq: PCAR) reported very good revenues and net income for the first quarter of 2021," said Preston Feight, chief executive officer. "PACCAR Parts achieved record quarterly sales and profits due to robust freight activity, high truck utilization, investments in distribution and innovative technology such as its e-commerce platform. PACCAR Financial Services increased its profitability due to excellent portfolio quality and strong used truck demand. I am very proud of our employees and their dedication to delivering the highest quality products and services to our customers."
PACCAR, a leader in zero emissions commercial vehicles, announced today a five-year supply agreement for battery power systems with Romeo Power, Inc. ("Romeo Power"), a leading battery technology company headquartered in Los Angeles, California. PACCAR will purchase Romeo Power’s battery packs and battery management software for heavy-duty battery electric Peterbilt 579EV vehicles and Peterbilt 520EV refuse trucks in North America. PACCAR has become a minority shareholder in Romeo Power as part of the strategic alliance.