April 12, 2017
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 May 20, 2017, to stockholders of record at the close of business on April 24, 2017.
“We believe maintaining our dividend reflects our confidence that we are well-positioned for the future,” said Caterpillar CEO Jim Umpleby. “Our diligent operational focus on reducing our cost structure, generating solid cash flow, and maintaining a strong balance sheet, allows us to continue rewarding our shareholders.”
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.