PCAR - Paccar Inc.

TimberSeal said: "PACCAR just announced on the 5th an additional dividend of $2 per share to shareholders in ownership of Dec. 18th - looks like a good deal from a pretty solid company IMO. They appear to be at the top of the trucking industry at this time. Im fairly green yet and being a bit cautious so Im wandering if we have some other opinions on this company that we could share? Below is the info on the dividend and such including a buy back of shares: PACCAR Inc's (NASDAQ:PCAR) Board of Directors today declared an extra cash dividend in the amount of two dollars ($2.00) per share, payable on January 5, 2007, to stockholders of record at the close of business on December 18, 2006. The Board of Directors also declared a regular quarterly cash dividend in the amount of twenty cents ($.20) per share, payable on March 5, 2007, to stockholders of record at the close of business on February 16, 2007, according to Mark C. Pigott, PACCAR chairman and chief executive officer. PACCAR's dividend yield of 4.3 percent, which combines the 2006 extra dividend and regular quarterly dividends, places the company in the top 5 percent of S&P 500 companies. PACCAR's regular quarterly dividend has increased an average of 18 percent per year during the last decade. The PACCAR Board of Directors today approved the repurchase of $300 million of its outstanding common stock. PACCAR has repurchased ten million of its common shares during the last two years. "PACCAR's strong net profits and excellent cash flow make the company's shares an attractive long-term investment," said Mike Tembreull, vice chairman. "The stock repurchase program reflects the Board's confidence in PACCAR's successful global business growth.""

Harry said: "Nice post!"