On 10 December, PACCAR (PCAR) increased its quarterly dividend by 10%, from 30¢ to 33¢ per share.
The dividend will be paid on 5 March 2025 to shareholders of record on 12
February 2025. The ex-dividend date is 12 February 2025.
The company also declared a
special dividend
of $3.00 per share, payable on 8 January 2025, to shareholders of record on
20 December 2024.
special dividend
of $3.00 per share, payable on 8 January 2025, to shareholders of record on
20 December 2024.
PCAR’s contribution to DivGro’s projected annual dividend income will
increase by $18 to $198.
I own 150 shares of PCAR at an average cost basis of $53.33 per share. Following this increase, my yield on cost
is 2.48%. (AFL’s forward yield is 1.17% at $113.01 per share).
Since opening my position in May 2022, the stock has generated a total return of 126%, including $1,117.50 in dividend
income. That’s a spectacular annualized rate of return of 41.7%!
PCAR became DivGro’s 50th Home Run stock in January 2024 when it doubled my original capital
outlay.
outlay.
5-Year History of Dividend Payouts by Ex-Date
| 2020 | 2021 | 2022 | 2023 | 2024 | • | 2025 |
| $0.8533⁋ | $0.8933⁋ | $0.9267⁋ | $1.0400 | $1.1700 | ⬆ | $1.3200✝ |
| 0.00% | 4.69% | 3.73% | 12.23% | 12.50% | ⬆ | 12.82% |
| 5-year DGR: | 6.52% | ⬆ | 9.12% | |||
✝projected, assuming no further changes
⁋split-adjusted
