Paccar raises dividend, to boost yield above the SP 500''s implied yield
Paccar Inc. said Tuesday it will raise its quarterly dividend by 8.8%, 37 cents a share from 34 cents a share. The maker of trucks, under brands including Kenworth and Peterbilt, said the new dividend will be payable Dec. 6 to shareholders of business on Nov. 15. The stock fell 2.5% in afternoon trading. Based on current stock prices, Paccar''s new annual dividend rate implies a dividend yield of 1.70%, which compares with the implied yield for the SP 500 of 1.65%. Paccar''s stock has slipped 1.3% year to date, while the SP 500 has dropped 16.4%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Paccar raises dividend, to boost yield above the SP 500''s implied yield
Paccar Inc. said Tuesday it will raise its quarterly dividend by 8.8%, 37 cents a share from 34 cents a share. The maker of trucks, under brands including Kenworth and Peterbilt, said the new dividend will be payable Dec. 6 to shareholders of business on Nov. 15. The stock fell 2.5% in afternoon trading. Based on current stock prices, Paccar''s new annual dividend rate implies a dividend yield of 1.70%, which compares with the implied yield for the SP 500 of 1.65%. Paccar''s stock has slipped 1.3% year to date, while the SP 500 has dropped 16.4%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.