Caterpillar maintains quarterly dividend rate from previous quarter

By WEEK Producer

Caterpillar maintains quarterly dividend rate from previous quarter

October 8, 2012 Updated Oct 8, 2012 at 2:05 PM CDT

PEORIA, Ill. -- Despite the uncertainty in the global economy, Caterpillar says its Board of Directors has voted to maintain the quarterly cash dividend of 52 cents.

"I am pleased to announce we are maintaining Caterpillar's dividend due to the strong results achieved and our long-standing commitment to reward stockholders," said Caterpillar Chairman and CEO Doug Oberhelman.  "...Caterpillar has continued to demonstrate that it is an attractive investment for stockholders through a wide range of economic cycles."

According to a statement, Caterpillar has paid higher dividends to stockholders for 19 years in a row.

Big Yellow has paid quarterly dividends since November 1933.