Caterpillar Board of Directors raises quarterly cash dividend

By WEEK Producer

June 12, 2013 Updated Jun 12, 2013 at 7:53 PM CDT

PEORIA, Ill. – The Caterpillar Board of Directors voted Wednesday to raise the quarterly cash dividend by $0.08.

The new rate of $0.60 per share of common stock is payable August 20 to stockholders of record at the close of business July 22.

The $0.60 dividend is an increase of 15 percent over the previous rate of $0.52 per share.