Caterpillar Inc. Maintains Dividend Rate
April 9, 2014
Caterpillar contact:
Rachel Potts
Global Government & Corporate Affairs
Office: 309-675-6892
Cell: 309-573-3444
[email protected]
FOR IMMEDIATE RELEASE
Caterpillar Inc. Maintains Dividend Rate
PEORIA, Ill. – The Board of Directors of Caterpillar Inc. (NYSE: CAT) voted today to maintain the quarterly cash dividend of sixty cents ($0.60) per share of common stock, payable May 20, 2014, to stockholders of record at the close of business on April 21, 2014.
“I am pleased to announce we are maintaining Caterpillar’s dividend. Our global team’s 2013 operational performance delivered record cash flow and resulted in the strongest balance sheet in more than 25 years. Our priorities for uses of cash and our commitment to deliver superior returns to stockholders through the cycles remain unchanged. This dividend, along with the largest quarterly stock repurchase of $1.7 billion completed in March, demonstrates this commitment,” said Caterpillar Chairman and CEO Doug Oberhelman.
Caterpillar has paid higher dividends to its stockholders for 20 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.
About Caterpillar:
For nearly 90 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. Customers turn to Caterpillar to help them develop infrastructure, energy and natural resource assets. With 2013 sales and revenues of $55.656 billion, Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company principally operates through its three product segments—Resource Industries, Construction Industries and Energy & Transportation—and also provides financing and related services through its Financial Products segment. For more information, visit caterpillar.com. To connect with us on social media, visit caterpillar.com/social-media.