The board of directors of Caterpillar Inc. this week voted to maintain the quarterly cash dividend of $0.46 per share of common stock, payable Nov. 19, to stockholders of record at the close of business Oct. 24.
“I’m thrilled to note that with this announcement, Caterpillar has paid dividends to stockholders every year since 1925 and paid dividends for 312 consecutive quarters — every quarter since 1933, demonstrating that Caterpillar is an attractive investment over the long-run,” said Doug Oberhelman, Caterpillar chairman and CEO. “More recently, for 18 years in a row, Caterpillar has paid higher dividends to its stockholders, and since 1998, the company’s cash dividend has more than tripled.”
The $0.46 dividend maintains the dividend rate from the previous quarter.
The company also announced it will release 2011 third-quarter financial results at 6:30 a.m. Central Time on Monday, Oct. 24.
A real-time, listen-only teleconference of the call that Caterpillar conducts with security analysts and institutional investors will begin at 10 a.m. that day. The one-hour conference call can be accessed by phone by dialing (877) 216-8554 (domestic) or (973) 528-0009 (international) and using listen-only entry code: 5621.
The call can also be accessed in real-time through http://www.caterpillar.com/Irwebcast.
Headquartered in Peoria, Ill., Caterpillar is a leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.