Caterpillar is maintaining its dividend rate for this quarter. The company’s board of directors voted to maintain the quarterly cash dividend rate to 77-cents per share. Caterpillar CEO Doug Oberhelman says the move allows the company to reward stockholders through business cycles. Shareholders can collect their dividend February 20th. The dividend is being paid out to stockholders of record at the close of business on January 20th. Caterpillar has announced thousands of job cuts as it struggles with the sagging global economy.
Caterpillar Maintains Its Stock Dividend Rate
