Caterpillar’s board of directors this week voted to maintain the quarterly cash dividend $0.44 per share of common stock, payable Nov 20, to stockholders of record at the close of business, Oct. 25.
"We remain focused on improving our cash flow, strengthening our balance sheet and providing solid returns that reward stockholders," said Caterpillar chairman Jim Owens. "For 17 years in a row, Caterpillar has paid higher dividends to its stockholders, and since 1998, our cash dividend has more than tripled, which underscores the company's performance through a wide range of economic cycles."
The $0.44 dividend maintains the dividend rate from the previous quarter. Including the announcement this week, Caterpillar has paid a cash dividend every year since the company was formed in 1925.