Caterpillar Maintains Dividend Rate
The Board of Directors of Caterpillar Inc. voted today to maintain the quarterly cash dividend of seventy cents ($0.70) per share of common stock, payable November 20, 2014, to stockholders of record at the close of business on October 20.
"I am pleased to announce that we are maintaining Caterpillar’s dividend,” said Caterpillar Chairman and CEO Doug Oberhelman. “Caterpillar’s strong dividend history is the result of our continued financial strength and strong operational performance. This dividend action, along with the 17 percent increase in our quarterly dividend announced in June and the $6.2 billion stock repurchase in 2013 and 2014, demonstrates our commitment to deliver superior returns to stockholders through the cycles.”
Caterpillar has paid higher dividends to its stockholders for 21 consecutive years, and since 1998, the company’s cash dividend has more than tripled. Including the announcement today, Caterpillar has paid a cash dividend every year since the company was formed and has paid a quarterly dividend since 1933.