October 9, 2013
Global Government & Corporate Affairs
FOR IMMEDIATE RELEASE
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 November 20, 2013, to stockholders of record at the close of business on October 21, 2013.
“I am pleased to announce we are maintaining Caterpillar’s dividend due to the continued strength of our balance sheet and strong cash flow, which has placed us in a good position to reaffirm our long-standing commitment to stockholders,” said Caterpillar Chairman and CEO Doug Oberhelman. “This action, following the 15-percent increase in our quarterly dividend announced in June and $2 billion in stock repurchases also completed this year, clearly demonstrates how we are taking advantage of our strong cash position to deliver on our commitments to our stockholders.”
With this dividend, Caterpillar will have 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.
For more than 85 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. With 2012 sales and revenues of $65.875 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 also is a leading services provider through Caterpillar Financial Services, Caterpillar Remanufacturing Services and Progress Rail Services. More information is available at: http://www.caterpillar.com.