Peoria Public Radio News
5:25 pm
Wed June 12, 2013

CAT announces another annual dividend increase

 Caterpillar says its board has voted to increase the company's quarterly cash dividend by 8 cents.  The sixty cents ($0.60) per share of common is payable Aug. 20 to shareholders of record as of July 22.Caterpillar Inc. Chairman Doug Oberhelman says the 15 percent increase, along with the company's $1 billion accelerated stock buyback announced in April, support its commitment to boost value for shareholders.This is Caterpillar's fourth-straight year with a dividend increase.