Paccar Inc.'s board of directors Tuesday declared an extra cash dividend of $2 per share, payable Jan. 5, 2005, to stockholders of record at the close of business on Dec. 20, 2004

, according to Mark C. Pigott, Paccar chairman and chief executive officer.
"Paccar's strong profit and cash flow performance has enabled the company to enhance its position as a leading technology company in the capital goods and financial services industry worldwide," noted Pigott. "Paccar has increased its capital investments in research and design centers, manufacturing and aftermarket customer support facilities and in all facets of its distribution network. This has contributed to Paccar achieving record net profits and market share."
The board also approved plans to repurchase, from time to time on the open market, up to five million shares of its outstanding common stock.
Paccar manufactures and markets trucks under the Kenworth, Peterbilt, DAF and Foden nameplates.
For more information, visit www.paccar.com.