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Paccar Inc. (PCAR) Is Rising On Dividend And Repurchase News

Paccar Inc. (PCAR) announced after the bell Monday that its Board of Directors has declared a quarterly dividend of $0.28 per share. The Board has also authorized the repurchase of an additional $300 million of its outstanding common stock. The stock is now up 1.05 on 46K shares.

Paccar climbed during the first hour of trade Monday, but settled into a range for the rest of the session. The stock closed up by 0.93 at $61.84.

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