Last updateMon, 15 Jun 2020 10pm

Back You are here: Home News News Business Caterpillar maintains dividend rate

Caterpillar maintains dividend rate

Log in to save this page.

Caterpillar maintains dividend rate

Caterpillar Inc. directors voted Wednesday to maintain its quarterly cash dividend at 46 cents a share — the 312th consecutive quarter the company has paid a dividend.

This dividend if payable Nov. 19 to holders of common stock at the close of business on Oct. 24, the company said in a news release.

"I'm thrilled to note that with this announcement, Caterpillar has paid dividends to stockholders every year since 1925 and paid dividends for 312 consecutive quarters — every quarter since 1933, demonstrating that Caterpillar is an attractive investment over the long-run," said Caterpillar Chairman and CEO Doug Oberhelman in the news release.

"More recently, for 18 years in a row, Caterpillar has paid higher dividends to its stockholders, and since 1998, the company's cash dividend has more than tripled. That track record is a testament to our products, business model, strategy, dedicated employees and the unmatched support that Caterpillar and its dealers provide to our customers," Oberhelman added.

Caterpillar will announce its third-quarter financial results at 6:30 a.m. on Monday, Oct. 24.

Through the first half of 2011 Caterpillar had a profit of $2.24 billion compared with $940 million through the first six months of 2010. The company reported sales and revenues in the first six months were $25.8 billion, affirming its goal of getting annual sales and revenues back above $50 billion. Sales and revenues were $42.6 billion in 2010.


About the Author
Paul Gordon is the editor of The Peorian after spending 29 years of indentured servitude at the Peoria Journal Star. He’s an award-winning writer, raconteur and song-and-dance man. He also went to a high school whose team name is the Alices (that’s Vincennes Lincoln High School in Indiana; you can look it up).