Caterpillar Inc. Maintains Dividend Rate
PEORIA, IL -- Caterpillar Inc. (NYSE: CAT) today declared a quarterly cash dividend of thirty cents ($0.30) per share on its common stock, payable May 19, 2007, to stockholders of record at the close of business April 23, 2007.
The thirty cent dividend maintains the dividend rate for the previous quarter and is 20 percent higher than the dividend paid one year ago. Caterpillar has paid a dividend every year since incorporation in 1925.
“Strong financial performance has enabled Caterpillar to reward stockholders through dividends over a long period of time. Going forward, we are continuing our commitment to stockholders by rewarding them through quarterly dividends and our recently announced $7.5 billion stock repurchase program.” said Caterpillar Chairman and Chief Executive Officer Jim Owens.
More information is available at http://www.cat.com.
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