Caterpillar maintains quarterly dividend at 77c
Caterpillar said its board today voted to maintain the quarterly cash dividend of 77c per share of common stock, payable November 19, to stockholders of record at the close of business on October 24. "I am proud that we are once again maintaining Caterpillar's dividend, which extends our track record of paying higher annual dividends to shareholders for 23 consecutive years," said Caterpillar Chairman and CEO Doug Oberhelman. "Our balance sheet remains strong, we've taken action to improve our cost structure, and we're continuing to invest in our products to help improve growth and our competitive position over the long term. We are executing on these elements of our strategy while rewarding our shareholders, even in down cycles, because it's a priority."