Caterpillar, Inc. (CAT) Raises Quarterly Dividend 16.7% to $0.70; 2.6% Yield

Caterpillar, Inc. (NYSE: CAT) declared a quarterly dividend of $0.70 per share, or $2.8 annualized. This is a 16.7% increase from the prior dividend of $0.60.

The dividend will be payable on August 20, 2014, to stockholders of record on July 21, 2014, with an ex-dividend date of July 17, 2014.

The annual yield on the dividend is 2.6 percent.

"This dividend increase demonstrates our financial strength and confidence in long-term prospects for the company. Despite business and economic uncertainties around the world, our balance sheet has remained strong – the strongest it's been in more than two decades – positioning us to perform through the cycles. In addition, our global team has delivered solid operational and financial performance, enabling Caterpillar to return over $5.0 billion of capital to stockholders through stock buybacks and dividends since the beginning of 2013," said Caterpillar Chairman and CEO Doug Oberhelman.

"We are proud of our long dividend history, in which Caterpillar has paid a cash dividend to our stockholders every year since the company was formed in 1925. We are equally proud that during this period, our equipment and services have helped build, grow and power the world," Oberhelman added.

For a dividend history and other dividend-related data on Caterpillar, Inc. (CAT) click here.

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