June 14, 2017
FOR IMMEDIATE RELEASE
Caterpillar Inc. Announces Increase in Dividend Rate
PEORIA, Ill. – The board of directors of Caterpillar Inc. (NYSE: CAT) voted today to increase the quarterly cash dividend by one cent to seventy-eight cents ($0.78) per share of common stock, payable August 19, 2017, to shareholders of record at the close of business on July 20, 2017.
"Our improved cost structure, strong balance sheet and solid cash flow make it possible for us to continue our long history of returning value to shareholders through our dividend," said Caterpillar CEO Jim Umpleby.
Caterpillar has paid higher dividends to its shareholders for 23 consecutive years, and since 2007, the company’s cash dividend has more than doubled. Caterpillar has paid a cash dividend every year since the company was formed and has paid a quarterly dividend since 1933.
For more than 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 2016 sales and revenues of $38.537 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 - Construction Industries, Resource 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.