Caterpillar Maintains Dividend Rate to Stockholders

By WEEK Reporter

Caterpillar Maintains Dividend Rate to Stockholders

October 12, 2011 Updated Oct 12, 2011 at 11:07 AM CDT

For 312 consecutive quarters, Caterpillar has not only maintained the cash dividend rate paid to stockholders, it has tripled the number.

Caterpillar's board of directors voted Wednesday to keep the cash dividend at $0.46 per share, which will be paid to stockholders on November 19.

"I'm thrilled to note that with this announcement, Caterpillar has paid dividends to stockholders every year since 1925...demonstrating that Caterpillar is an attractive investment over the long-run," said Caterpillar Chairman and CEO Doug Oberhelman.  "That track record is a testament to our products, business model, strategy, dedicated employees and the unmatched support that Caterpillar and its dealers provide to our customers."

The company's cash dividend rate more than tripled in 1998 and has been able to pay higher dividends to stockholders for 18 years in a row.

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