The Board of Directors of Caterpillar Inc. has voted to maintain the quarterly cash dividends of US$0.77 per share of common stock, payable 20 August 2016, to stockholders of record at the close of business on 20 July 2016.
“Our balance sheet and operational performance are strong, even after several years of challenging market conditions. We are maintaining an attractive dividend for our stockholders and positioning the company for growth once our markets rebound," said Caterpillar Chairman and CEO Doug Oberhelman.
Caterpillar has paid higher dividends to its stockholders for 22 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.
Adapted from press release by Rebecca Bowden