PACCAR (PCAR) increased its quarterly dividend by 11.11%, from 27¢ to 30¢ per share.
The dividend will be paid on 5 June to shareholders of record on 15 May. The ex-dividend date is 14 May.
PCAR's contribution to DivGro's projected annual dividend income will increase by $18 to $180.
I own 150 shares of PCAR at an average cost basis of $53.33 per share. Following this increase, my yield on cost is 2.03%. (PCAR's forward yield is 1.03% at $105.23 per share).
Since I opened my PCAR position in May 2022, the stock has produced annualized total returns of 64%, including $1,027.50 in dividend income.
PCAR became DivGro's 50th Home Run stock in January 2024, when the stock doubled my original capital outlay.
5-Year History of Dividend Payouts by Ex-Date
| 2019 | 2020 | 2021 | 2022 | 2023 | • | 2024 |
| $0.8533 | $0.8533 | $0.8933 | $0.9267 | $1.0400 | ⬆ | $1.170✝ |
| 17.43% | 0.00% | 4.69% | 3.73% | 12.23% | ⬆ | 12.50% |
| 5-year DGR: | 7.43% | ⬇ | 6.52% | |||
✝projected, assuming no further changes
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