2024-05-23 07:30:00 ET
Summary
- PACCAR Inc is a dividend stock worth considering for investors, with strong growth and a growing market share in the trucking industry.
- The company has a fortress balance sheet with no debt and an A+ credit rating, making it an attractive investment option.
- PACCAR also offers a well-covered dividend and has a history of paying special dividends, making it appealing to dividend investors.
- PCAR has paid a dividend since 1941 and special dividends for more than a decade.
- The company does face risks from competitors like Volvo and Amazon with the emergence of self-driving trucks.
Introduction
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Paccar: A Dividend Growth Stock Long-Term Investors Should Add To Their Watchlist