Peoria Public Radio News
12:31 pm
Wed June 11, 2014

Caterpillar increases dividend rate

Caterpillar stockholders will see an increase in the cash dividend this quarter. The company will pay stockholders a cash dividend of 70-cents per share. That’s a 17% increase from the previous quarter.

Shareholders of record at the close of business on July 21st can collect their dividend August 20th.

Caterpillar CEO Doug Oberhelman says the company’s balance sheet has remained strong despite business and economic uncertainties around the world. He says the dividend increase demonstrates the company’s financial strength and confidence in long-term prospects.