Caterpillar maintains quarterly cash dividend of US$0.52/share of common stock, accelerates payment to Dec. 31, payable to stockholders as of Dec. 24
December 12, 2012
– The Board of Directors of Caterpillar Inc. (NYSE: CAT) voted today to maintain the quarterly cash dividend of fifty-two ($0.52) cents per share of common stock, payable December 31, 2012, to stockholders of record at the close of business, December 24, 2012.
"After reporting a record third quarter for sales and profit, I am pleased to announce we are maintaining Caterpillar's quarterly dividend. While we remain watchful and attentive to the current political and economic landscape, we continue to track toward our long-term goals and expectations outlined in our enterprise strategy," said Caterpillar Chairman and Chief Executive Officer Doug Oberhelman.
"In addition to maintaining the quarterly dividend, we're accelerating payment of the first-quarter 2013 dividend to December 31, 2012. Because of the uncertainty about U.S. tax policy, we're acting in the interest of our stockholders. We estimate this action could save our stockholders around $30 million," added Oberhelman.
Caterpillar has paid higher dividends to its stockholders for 19 consecutive years, and since 1998, the company's cash dividend has more than tripled. Including the announcement today, Caterpillar has paid a cash dividend every year since the company was formed in 1925 and has paid a quarterly dividend since 1933.
For more than 85 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. With 2011 sales and revenues of $60.138 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. The company also is a leading services provider through Caterpillar Financial Services, Caterpillar Remanufacturing Services and Progress Rail Services. More information is available at: http://www.caterpillar.com.