The board of directors of Caterpillar Inc. last week voted to maintain the quarterly cash dividend of 44 cents per share of common stock, payable May 20, to stockholders of record at the close of business, April 25.
“From the executive office to the production floor, Caterpillar employees are more focused than ever on helping our customers succeed,” said Caterpillar chairman and CEO Doug Oberhelman. “Improved customer support will lead to continued success for Caterpillar, which will enable us to continue rewarding stockholders with dividend payouts. It is a business model that has worked for more than 85 years, and is supported by the fact that Caterpillar has paid a cash dividend every year since the company was formed in 1925.”
The $0.44 dividend maintains the dividend rate from the previous quarter. For 17 years in a row, Caterpillar has paid higher dividends to its stockholders, and since 1998, the company’s cash dividend has more than tripled.
Caterpillar is headquartered in Peoria, Ill.