Caterpillar announces stock dividend

Posted on

Caterpillar’s board of directors declared a quarterly cash dividend of 42 cents per share of common stock, payable Feb. 20 to those stockholders of record at the close of business Jan. 20.

“The economic crisis of the last year has been unprecedented, but Caterpillar’s focus on preparing for a recession, dating back to the strategy we rolled out in 2005, has served us well,” chairman and chief executive officer Jim Owens said in a statement. “We’re making tough decisions required to come out of this downturn as a stronger company.

“I am pleased we are maintaining our dividend rate and rewarding our stockholders,” he added.

The 42 cent dividend maintains the rate from the previous quarter.

Caterpillar has paid a cash dividend every year since the company was formed in 1925 and its cash dividend has nearly tripled since 1998, the company said.

Welcome to TradeOnlyToday’s premium content! To continue reading, please register now, for access to 10 free stories per month. Or subscribe, for unlimited access to all TradeOnlyToday content!

Click here to Register ... it's free!

Basic subscription: Registered members get free access to 10 premium content stories each month!

Not a member yet? Click here to Register!

Already a member? Click here to Login!

Subscribe ... for unlimited access!

Individual subscription: $29 for unlimited site access for one year.

Small Business subscription: $140 for unlimited site access for up to 10 members of a company for one year.

Corporate subscription: $300 for unlimited site access for all members of a company for one year.

You may close this dialog after seconds.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Comments are moderated and generally will be posted if they are on-topic and not abusive. For more information, please see our Comments Policy.

Vote Today

What is the best outcome for the marine industry in the November mid-term elections?

View Results

Loading ... Loading ...

Search Boats for Sale

Length
Year
Price

Login to Trade Only Today

Lost Password