© 2024 Peoria Public Radio
A joint service of Bradley University and Illinois State University
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations

CAT Boosts Dividend


Caterpillar is boosting its quarterly dividend 20%.

The board of directors approved paying $1.03 per share common stock to shareholders of record at the close of business July 22. The money is payable August 20.

Caterpillar Chairman and CEO Jim Umpleby says the company’s growth strategy is working, and the heavy equipment manufacturer is on track to double its service sales by 2026.

The Deerfield-based company last month announced a record first quarter profit of $13.5 billion.


Kristin McHugh is an experienced radio journalist and nonprofit manager. Most recently, she served as executive director of the Peoria Area World Affairs Council.