Caterpillar is maintaining its quarterly cash dividend of 77 cents per share of common stock.
The company will pay the dividends August 20 for stockholders of record at the close of business on July 20.
CEO Doug Oberhelman says the company’s balance sheet and operational performance are strong, “despite challenging market conditions.”
Caterpillar has paid a cash dividend every year since the company was formed in 1933.
The news comes as Caterpillar continues its restructuring that involves thousands of job cuts, amid a sagging global economy.