The board of directors of Caterpillar Inc. last week declared a quarterly cash dividend of $0.42 per share of common stock, payable May 20, to stockholders of record at the close of business April 26.
“Just as Caterpillar was prepared for and responded to the recession last year, Team Caterpillar has plans in place to respond to an economic turnaround and the increase in demand that accompanies such recoveries,” said Caterpillar chairman and CEO Jim Owens. “By maintaining our dividend rate, we continue to reward stockholders while managing the business through the economic recovery.”
The $0.42 dividend maintains the dividend rate from the previous quarter. Caterpillar has paid a cash dividend every year since the company was formed in 1925, and its cash dividend has nearly tripled since 1998.
In addition, Caterpillar said it will announce its first-quarter 2010 financial results on April 26.
A real-time, listen-only teleconference of the quarterly results call will begin at 10 a.m. Central Time and can be accessed by telephone from both domestic and international locations, with a listen-only entry code provided below:
Conference Call Number: 877-216-8554 (domestic); 973-528-0009 (international)
Listen-only Entry Code: 5621
The call can also be accessed in real-time through www.CAT.com/IRwebcast.
Caterpillar Inc. reported 2009 sales and revenues of $32.4 billion. It is a leading manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines. The company also is a leading services provider through Caterpillar Financial Services, Caterpillar Remanufacturing Services, Caterpillar Logistics Services and Progress Rail Services.