Paccar Declares 3-for-2 Stock Split
accar Inc. said Tuesday it would undertake a 3-for-2 stock split Aug. 10, for shareholders of record as of July 27.
The company also declared a quarterly cash dividend of 20 cents per each newly-split share, payable Sept. 5 to stockholders of record as of Aug. 18.Paccar, the parent of Kenworth Truck Co., Peterbilt Motors Co. and DAF Trucks, currently has about 167 million shares of stock outstanding.