PACCAR Dividend Increase
On 29 April, PACCAR (PCAR) increased its dividend by 6.06%, from 33¢ to 35¢ per share.
The dividend is payable on 3 June to shareholders of record on 13 May.
PCAR’s contribution to DivGro’s projected annual dividend income will increase by $8 to $140.
I own 100 shares of PCAR at an average cost basis of $53.33 per share. Following this increase, my yield on cost is 2.63%. (The stock’s forward yield is 1.18% at $118.28 per share).
Since I opened my position in May 2022, the stock has delivered a total return of 148%, including dividends of $1,497. That’s a spectacular annualized rate of return of 25.9%!
PCAR became DivGro’s 50th Home Run stock in January 2024, when it doubled my original capital
outlay.
5-Year History of Dividend Payouts by Ex-Date
| 2021 | 2022 | 2023 | 2024 | 2025 | • | 2026 |
| $0.893 | $0.927 | $1.040 | $1.170 | $1.320 | ⬆ | $1.380✝ |
| 4.71% | 3.74% | 12.21% | 12.50% | 12.82% | ⬇ | 4.55% |
| 5-year DGR: | 9.12% | ⬇ |
9.09% |
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✝projected, assuming no further changes
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