Shares of Newell Brands Inc (NYSE:NWL) ended Friday session in red amid volatile trading. The shares closed down -0.21 points or -0.44% at $47.45 with 7.72 million shares getting traded. Post opening the session at $47.52, the shares hit an intraday low of $47.24 and an intraday high of $48.33 and the price vacillated in this range throughout the day. The company has a market cap of $22.79 billion and the numbers of outstanding shares have been calculated to be 482.40 million shares.
Newell Brands Inc (NWL) declared recently the declaration of a quarterly cash dividend of $0.19 per share. The dividend is payable December 15, 2016 to common stockholders of record at the close of business on November 30, 2016.
Shares of PACCAR Inc (NASDAQ:PCAR) ended Friday session in red amid volatile trading. The shares closed down -1.16 points or -1.92% at $59.17 with 2.46 million shares getting traded. Post opening the session at $59.90, the shares hit an intraday low of $58.38 and an intraday high of $60.44 and the price vacillated in this range throughout the day. The company has a market cap of $21.17 billion and the numbers of outstanding shares have been calculated to be 350.54 million shares.
PACCAR Inc (PCAR) launched a new proprietary tandem axle that is the industry’s lightest and most efficient axle in its class. “PACCAR is happy to deliver the most fuel efficient axle in the industry to complement the superior performance and fuel economy of our PACCAR MX Engines,” said Landon Sproull, PACCAR vice president.
The new PACCAR axle is designed to improve the operating efficiency for line haul, regional haul and pick-up and delivery customers. The new axle is rated at 40,000 pounds, supporting a gross combination weight of 80,000 pounds. Kenworth and Peterbilt will begin offering the axle to customers in January 2017. “PACCAR’s axle reduces vehicle weight by up to 150 pounds, and provides improved fuel economy,” noted Sproull.
The PACCAR axle features an exclusive pinion-through-shaft design that simplifies power flow in the axle for maximum efficiency. The PACCAR axle also incorporates an innovative laser-welded carrier design that reduces weight and improves fuel economy. The PACCAR axle comes with an industry-leading warranty of five years or 750,000 miles.