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Article: Caterpillar Inc. Raises Dividend Rate 17 Percent.
- Article from:
- PR Newswire
- Article date:
- June 11, 2008
CopyrightCOPYRIGHT 2008 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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Beginning in November 1933, Caterpillar has paid a dividend for 299 consecutive quarters
PEORIA, Ill., June 11 /PRNewswire-FirstCall/ -- The Board of Directors of Caterpillar Inc. today voted to increase the quarterly cash dividend by six cents to forty-two ($0.42) cents per share of common stock, payable August 20, 2008, to stockholders of record at the close of business July 21, 2008.
"We continue to reward stockholders with solid dividend growth enabled by the strength of the global markets we serve," said Caterpillar Chairman and Chief Executive Officer Jim Owens. "This dividend increase reflects the confidence our Board of Directors has in ...