Caterpillar Inc’s Board of Directors has voted to maintain the quarterly cash dividend of US$0.77 per share of common stock, payable 18 February 2017, to stockholders of record at the close of business on 20 January 2017.
“Our dividend has remained a high priority throughout this difficult economic cycle. We’ve been able to maintain our dividend because our balance sheet remains strong, we’ve taken the tough actions necessary to reduce our cost structure and have generated solid cash flow through the current downturn in our business,” said Caterpillar Chairman and CEO Doug Oberhelman.
Caterpillar has paid higher dividends to its shareholders for 23 consecutive years, and since 2007, the company’s cash dividend has more than doubled. Caterpillar has paid a cash dividend every year since the company was formed and has paid a quarterly dividend since 1933.
Read the article online at: https://www.worldcement.com/europe-cis/16122016/caterpillar-maintains-dividend-rate/