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Fri March 29 2024

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Caterpillar maintains dividend to shareholders

4 Jan 11 Caterpillar directors have voted to keep the quarterly cash dividend to shareholders of 44 cents per share of common stock.

The New York Stock Exchange listed company will pay the dividend on 19 February.

After a turbulent 2009 in world plant sales, Cat returned to growth in 2010 with sales and revenues up 28% on 2009 to about $42bn. For this year the company is forecasting sales and revenues growing a further 19% or so, to close to $50bn.

Over the past 12 years Cat has tripled the dividend that it pays to shareholders and has paid a cash dividend every year since the company was formed in 1925. 

"We are aggressively focused on executing our strategy, including the delivery of superior returns for stockholders through all economic cycles," said Caterpillar chairman and CEO Doug Oberhelman.  "Our dividend payment is an important element of rewarding stockholders that also demonstrates Caterpillar's financial strength."  

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