As per PACCAR Inc. (NASDAQ:PCAR)’s news release on 2016-07-12, its shareholders will get cash dividend of $0.24 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-12 and 2016-09-02, respectively.
The stock will commence trading ex-dividend from 2016-08-10, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year PACCAR Inc. (NASDAQ:PCAR) disbursed $0.24 in dividend compared to distribution of $0.24, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 24.7312%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated PACCAR Inc. (NASDAQ:PCAR) to attain a price target of $57. It is an average estimate figure given by 11 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $67. The low price range is set at $44 for next year while the arithmetic mean is seen at 2.6.
Eyeing Earnings PACCAR Inc. (NASDAQ:PCAR) is likely to post quarterly numbers around 2016-10-25 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $1 for the period ending on 2016-09-30.
In last quarter ended 2015-12-31, PACCAR Inc. (NASDAQ:PCAR) earnings came at $1.06 suggesting a deviation of $0.03. The brokerages targeted EPS of $1.03 for the quarter.
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