business
4:44 pm
Wed April 10, 2013

Caterpillar maintains dividend rate

Caterpillar will pay stockholders a cash dividend of 52-cents per share of common stock this quarter. The company will pay the dividends May 20th for stockholders of record at the close of April 22nd. 

Cat Chairman and CEO Doug Oberhelman says the company is encouraged by improvements in economic indicators despite global uncertainties.  

The news comes as Caterpillar prepares to permanently layoff workers in Decatur in June.  The company has already reduced its flexible workforce in the area.