DEERFIELD, Ill., June 9, 2021 /PRNewswire/ -- The board of
directors of Caterpillar Inc. (NYSE: CAT) voted today
to increase the quarterly cash dividend by
eight cents, an 8% raise, to one
dollar and eleven cents ($1.11) per share of common stock, payable
August 20, 2021, to shareholders of record at the close
of business on July 20, 2021.
"Through the execution of our enterprise strategy for profitable
growth, Caterpillar is generating higher free cash flow through the
cycles," said Caterpillar CEO Jim
Umpleby. "Our strong balance sheet and liquidity position
make it possible for us to continue our long history of increasing
our dividend and returning value to shareholders."
Caterpillar has paid a cash dividend every year since the
company was formed and has paid a quarterly dividend since 1933.
The company has paid higher dividends to shareholders for 27
consecutive years and is a member of the S&P 500 Dividend
Aristocrat Index.
About Caterpillar
With 2020 sales and revenues of $41.7
billion, Caterpillar Inc. is the world's leading
manufacturer of construction and mining equipment, diesel and
natural gas engines, industrial gas turbines, and diesel-electric
locomotives. Since 1925, we've been driving sustainable progress
and helping customers build a better world through innovative
products and services. Throughout the product life cycle, we offer
services built on cutting-edge technology and decades of product
expertise. These products and services, backed by our global dealer
network, provide exceptional value to help our customers succeed.
We do business on every continent, principally operating through
three primary segments – Construction Industries, Resource
Industries, and Energy & Transportation – and providing
financing and related services through our Financial Products
segment. Visit us at caterpillar.com or join the conversation
on our social media channels at caterpillar.com/social-media.
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SOURCE Caterpillar Inc.