December 14, 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 February 18, 2017, to stockholders of record at the close of business on January 20, 2017.
“Our dividend has remained a high priority throughout this difficult economic cycle. We’ve been able to maintain our dividend because our balance sheet remains strong, we’ve taken the tough actions necessary to reduce our cost structure and have generated solid cash flow through the current downturn in our business,” said Caterpillar Chairman and CEO Doug Oberhelman.
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 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.