DEERFIELD, Ill., June 10, 2020 /PRNewswire/ -- The board of
directors of Caterpillar Inc. (NYSE: CAT) voted today
to maintain the quarterly cash
dividend of one dollar and three
cents ($1.03) per share
of common stock, payable on August 20, 2020, to
shareholders of record at the close of business on July
20, 2020.
Caterpillar ended the first quarter of 2020 with $7.1 billion in enterprise cash and had
$20.5 billion in available liquidity
as of April 2020. Caterpillar is
committed to delivering higher free cash flow through the cycles
and to returning substantially all of its free cash flow to
shareholders. However, given the economic uncertainty associated
with the COVID-19 pandemic, the board of directors has postponed
any decision on a dividend increase until later this year.
Caterpillar has paid a cash dividend every year since the
company was formed and has paid a quarterly dividend since 1933.
Caterpillar has paid higher dividends to shareholders for 26
consecutive years and is a member of the S&P 500 Dividend
Aristocrat Index.
About Caterpillar
Since 1925, Caterpillar Inc. has
been helping our customers build a better world – making
sustainable progress possible and driving positive change on every
continent. With 2019 sales and revenues of $53.8 billion, Caterpillar is the world's leading
manufacturer of construction and mining equipment, diesel and
natural gas engines, industrial gas turbines and diesel-electric
locomotives. Services offered throughout the product life cycle,
cutting-edge technology and decades of product expertise set
Caterpillar apart, providing exceptional value to help our
customers succeed. The company principally operates through three
primary segments – Construction Industries, Resource Industries and
Energy & Transportation – and provides financing and related
services through its Financial Products segment. For more
information, visit caterpillar.com. To connect on social
media, visit caterpillar.com/social-media.
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SOURCE Caterpillar Inc.