Cat marks 85 years on the NYSE

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Caterpillar Inc. Chairman and CEO Doug Oberhelman rang the opening bell today on the New York Stock Exchange to mark the 85th anniversary of the company’s listing on the NYSE, considered the world’s foremost securities marketplace.

Of the approximately 3,200 companies listed on the NYSE, Caterpillar (NYSE: CAT) is among only 2 percent that have been listed for 85 years or more.

“Not only are we celebrating 85 years on the NYSE this year, but next year we will also celebrate the 90th anniversary of Caterpillar as a company,” Oberhelman said. “Both milestones are a testament to the strength of our global brand, our dedication to customers and strong reputation with stockholders for financial strength and performance through the years. In 2014, the strength of our balance sheet and strong cash flow positioned Caterpillar to repurchase $4.2 billion in stock and to pay $1.6 billion in dividends. Caterpillar has paid a cash dividend every year since the company was formed in 1925 and has paid a quarterly dividend since 1933. We are proud of delivering that consistency and value over the decades.”

Caterpillar is also giving Wall Street traders and New York City the opportunity for an up-close look at Cat® machines used in a variety of industries. On display in front of the NYSE are a mixer truck, wheel loader, skid steer loader and backhoe loader.

Listing on the NYSE is a globally recognized signal of corporate strength and leadership, reserved for companies that meet the NYSE’s stringent requirements for income, market capitalization, cash flow and ethical practice.

Some highlights of the company's history on the NYSE include:

 

 

Caterpillar Inc. - 85 Years on the New York Stock Exchange

 

 

 

History shows that 1929 was a significant year for many reasons. Among them, in the list provided by Caterpillar:

 

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).