Caterpillar is maintaining its dividend rate for this quarter. The company’s board of directors voted to keep the quarterly cash dividend rate at 70-cents per share.
Caterpillar CEO Doug Oberhleman says this dividend action, along with a 17-percent increase in the quarterly dividend in June and the $6.2 billion stock repurchase in 2013 and 2014 demonstrates the company’s commitment to deliver superior returns to stockholders.
Shareholders can collect their dividend November 20th. It’s being paid out to stockholders of record at the close of business on October 20th.