Caterpillar is maintaining its dividend rate for this quarter. The company’s board of directors voted to increase the quarterly cash dividend rate to 77-cents per share. Caterpillar CEO Doug Oberhelman says the move allows the company to reward stockholders amid a challenging business environment. Shareholders can collect their dividend November 20th. The dividend is being paid out to stockholders of record at the close of business on October 26th. // Caterpillar announced last month that its planning thousands of job cuts as it struggles with the sagging global economy.
Caterpillar Maintains Stock Dividend Rate
