DEERFIELD, Ill., Oct. 14, 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 November 20, 2020, to
shareholders of record at the close of business
on October 26, 2020.
"Caterpillar's dividend has remained a high priority through all
economic cycles, and I am pleased our strong balance sheet supports
maintaining our dividend this quarter," said Caterpillar Chairman
and CEO Jim Umpleby.
Caterpillar has paid a cash dividend every year since the
company was formed and has paid a quarterly dividend since 1933.
For 27 consecutive years, Caterpillar has paid higher annual
dividends to shareholders and is recognized as 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.
Forward-Looking Statements
Certain statements in this
presentation relate to future events and expectations and are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Words such as "believe,"
"estimate," "will be," "will," "would," "expect," "anticipate,"
"plan," "forecast," "target," "guide," "project," "intend,"
"could," "should" or other similar words or expressions often
identify forward-looking statements. All statements other than
statements of historical fact are forward-looking statements,
including, without limitation, statements regarding our outlook,
projections, forecasts or trend descriptions. These statements do
not guarantee future performance and speak only as of the date they
are made, and we do not undertake to update our forward-looking
statements.
Caterpillar's actual results may differ materially from those
described or implied in our forward-looking statements based on a
number of factors, including, but not limited to: (i) global and
regional economic conditions and economic conditions in the
industries we serve; (ii) commodity price changes, material price
increases, fluctuations in demand for our products or significant
shortages of material; (iii) government monetary or fiscal
policies; (iv) political and economic risks, commercial instability
and events beyond our control in the countries in which we operate;
(v) international trade policies and their impact on demand for our
products and our competitive position, including the imposition of
new tariffs or changes in existing tariff rates; (vi) our ability
to develop, produce and market quality products that meet our
customers' needs; (vii) the impact of the highly competitive
environment in which we operate on our sales and pricing; (viii)
information technology security threats and computer crime; (ix)
inventory management decisions and sourcing practices of our
dealers and our OEM customers; (x) a failure to realize, or a delay
in realizing, all of the anticipated benefits of our acquisitions,
joint ventures or divestitures; (xi) union disputes or other
employee relations issues; (xii) adverse effects of unexpected
events; (xiii) disruptions or volatility in global financial
markets limiting our sources of liquidity or the liquidity of our
customers, dealers and suppliers; (xiv) failure to maintain our
credit ratings and potential resulting increases to our cost of
borrowing and adverse effects on our cost of funds, liquidity,
competitive position and access to capital markets; (xv) our
Financial Products segment's risks associated with the financial
services industry; (xvi) changes in interest rates or market
liquidity conditions; (xvii) an increase in delinquencies,
repossessions or net losses of Cat Financial's customers;
(xviii) currency fluctuations; (xix) our or
Cat Financial's compliance with financial and other
restrictive covenants in debt agreements; (xx) increased pension
plan funding obligations; (xxi) alleged or actual violations of
trade or anti-corruption laws and regulations; (xxii) additional
tax expense or exposure, including the impact of U.S. tax reform;
(xxiii) significant legal proceedings, claims, lawsuits or
government investigations; (xxiv) new regulations or changes in
financial services regulations; (xxv) compliance with environmental
laws and regulations; (xxvi) the duration and geographic spread of,
business disruptions caused by, and the overall global economic
impact of, the COVID-19 pandemic; and (xxvii) other factors
described in more detail in Caterpillar's Forms 10-Q, 10-K and
other filings with the Securities and Exchange
Commission.
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SOURCE Caterpillar Inc.