Share Repurchase UpdateDuring the first quarter of 2012, PACCAR repurchased approximately 400,000 of its common shares for $15.6 million. PACCAR had 356.7 million outstanding common shares as of March 31, 2012. “Over the past nine months, PACCAR has bought 9.56 million shares for a total investment of $353.2 million,” said Ron Armstrong, PACCAR president. “PACCAR’s excellent net profits and strong cash flow make the company’s shares an attractive investment.” PACCAR has earned a profit for 73 consecutive years and has paid a dividend every year since 1941.
Peterbilt Model 210 And Model 587 - ATD Commercial Trucks Of The Year 2012 (Photo: Business Wire)
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