Legal Brief
PACCAR Announces Increased Quarterly Dividend
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PACCAR's Board of Directors declared a regular quarterly cash dividend in the amount of twenty-five cents ($.25) per share, payable on December 5, 2005, to stockholders of record at the close of business on November 17, 2005. This is a 19 percent increase compared to the previous regular quarterly dividend of twenty-one cents ($.21) per share.
"PACCAR has earned a net profit for 66 consecutive years and has paid a dividend every year since 1941," noted Mark C. Pigott, chairman and chief executive officer. "PACCAR's global truck brands - Peterbilt, Kenworth and DAF - are leaders in reliability, aerodynamics and resale value, which create a superior life-cycle cost advantage for our customers."
From January through August this year, PACCAR has repurchased 4.6 million shares of its stock for $315 million. "PACCAR stock continues to be an excellent value and provides shareholders with superior returns," said Mike Tembreull, vice chairman. "The company has again outperformed the Standard & Poor's 500 Index for the previous one-, five- and ten-year time periods."
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