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Article: Caterpillar Raises Dividend Rate 20 Percent.
- Article from:
- PR Newswire
- Article date:
- June 13, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PEORIA, Ill., June 13 /PRNewswire-FirstCall/ -- The Board of Directors of Caterpillar Inc. today voted to again increase the quarterly cash dividend by six cents to thirty-six cents ($0.36) per share of common stock, payable August 20, 2007, to stockholders of record at the close of business on July 20, 2007.
"This increase reflects the Board of Directors' continued confidence in Caterpillar's long-term outlook," said Caterpillar Chairman and Chief Executive Officer Jim Owens. "Our broad global reach and business diversity are enabling our continued success, and we're pleased to reward our stockholders with consistent dividend growth. Team Caterpillar is on ...