October 12, 2016
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 seventy-seven cents ($0.77) per share of common stock, payable November 19, 2016, to stockholders of record at the close of business on October 24, 2016.
"I am proud that we are once again maintaining Caterpillar’s dividend, which extends our track record of paying higher annual dividends to shareholders for 23 consecutive years," said Caterpillar Chairman and CEO Doug Oberhelman. "Our balance sheet remains strong, we’ve taken action to improve our cost structure, and we’re continuing to invest in our products to help improve growth and our competitive position over the long term. We are executing on these elements of our strategy while rewarding our shareholders, even in down cycles, because it's a priority."
Since 2007, the company's cash dividend has more than doubled. Caterpillar has paid a cash dividend every year since the company was formed in 1925 and has paid a quarterly dividend since 1933.
For 91 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 2015 sales and revenues of $47.011 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.