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Highlighting the company's global reach and industry diversity, the board of directors of Caterpillar Inc. last week declared a quarterly cash dividend of $0.36 per share on its common stock, payable Nov. 20, to stockholders of record at the close of business Oct. 22.
“Caterpillar’s strong global footprint, diversified service businesses and aggressive new product development strategies are delivering very solid financial results,” said Caterpillar chairman and CEO Jim Owens.
The $0.36 dividend maintains the dividend rate for the previous quarter and is 20 percent higher than the dividend paid one year ago. Caterpillar has paid a dividend every quarter since November 1933 and has paid higher dividends in each of the last 14 years.
