PACCAR Announces $300 Million Share Repurchase

The PACCAR

Board of Directors approved the repurchase of an additional $300 million of its outstanding common stock. PACCAR is nearing completion of its previously authorized $300 million share repurchase program. The company has repurchased 8.4 million shares and paid $217.6 million in regular dividends to its shareholders in 2011. “PACCAR's excellent net profits and strong cash flow make the company's shares an attractive long-term investment,” said Mark Pigott, chairman and chief executive officer. “The stock repurchase program reflects the Board's confidence in PACCAR's successful global business growth.”