Paccar to pay out an extra dividend of 70 cents a share, on top of its regular quarterly dividend

Paccar Inc. said Tuesday it will pay an extra cash dividend of 70 cents a share, payable Jan. 6 to shareholders of record on Dec. 18. That's on top of a regular quarterly cash dividend declared Tuesday of 32 cents a share, payable March 2 to shareholders of record on Feb. 9. The truck maker's stock rose 0.1% in afternoon trading. Based on current prices, the annual rate of the regular dividend implies a dividend yield of 1.48%, which compares with the payout for the SPDR Industrial Select Sector ETF of 1.58% and the implied yield for the S&P 500 of 1.55%. Paccar shares have gained 9.3% year to date, while the industrial ETF has advanced 9.5% and the S&P 500 has climbed 14.6%.

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