Caterpillar’s board of directors voted this week to maintain the quarterly cash dividend of $0.44 per share of common stock, payable Feb. 19, to stockholders of record at the close of business on Jan. 20.
“We are aggressively focused on executing our strategy, including the delivery of superior returns for stockholders through all economic cycles,” said Doug Oberhelman, Caterpillar chairman and CEO. “Our dividend payment is an important element of rewarding stockholders that also demonstrates Caterpillar’s financial strength.”
The $0.44 dividend maintains the dividend rate from the previous quarter. For 17 consecutive years, Caterpillar has paid higher dividends to its stockholders, and since 1998, the company’s cash dividend has more than tripled. Including the most recent announcement, Caterpillar has paid a cash dividend every year since the company was formed in 1925.
Caterpillar Inc. is headquartered in Peoria, Ill.