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The PACCAR
PCAR 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.”
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