Caterpillar (CAT) Raises Quarterly Dividend 10% to $0.77; Yields 3.5%

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Caterpillar Inc. Announces 10 Percent Increase in Dividend Rate

June 10, 2015 12:17 PM EDT

PEORIA, Ill., June 10, 2015 /PRNewswire/ -- The Board of Directors of Caterpillar Inc. (NYSE: CAT) voted today to increase the quarterly cash dividend by 10 percent to seventy-seven cents ($0.77) per share of common stock, payable August 20, 2015, to stockholders of record at the close of business on July 20, 2015.

"This 10 percent dividend increase is another example of our commitment to deliver superior returns to stockholders through the ups and downs of the industries we serve. Our strong balance sheet, cash flow and operational performance have put us in a position to reward stockholders... More