IRVING,
Texas, June 14, 2023 /PRNewswire/ -- The Board of
Directors of Caterpillar Inc. (NYSE: CAT) voted today to raise the
quarterly dividend by ten cents, an
8% increase, to one dollar and
thirty cents ($1.30) per share of common stock, payable
August 18, 2023, to shareholders of
record at the close of business on July 20,
2023.
"We continue to generate strong Machinery, Energy &
Transportation (ME&T) free cash flow through execution of our
enterprise strategy for long-term profitable growth," said
Caterpillar Chairman and CEO Jim
Umpleby. "Our strong ME&T free cash flow, balance sheet
and liquidity position support our long history of growing the
dividend and returning value to shareholders."
Caterpillar has paid a cash dividend every year since the
company was formed and has paid a quarterly dividend since 1933.
Caterpillar has paid higher annual dividends to shareholders for 29
consecutive years and is recognized as a member of the S&P 500
Dividend Aristocrats Index.
About Caterpillar
With 2022 sales and revenues of $59.4
billion, Caterpillar Inc. is the world's leading
manufacturer of construction and mining equipment, off-highway
diesel and natural gas engines, industrial gas turbines and
diesel-electric locomotives. For nearly 100 years, we've been
helping customers build a better, more sustainable world and are
committed and contributing to a reduced-carbon future. Our
innovative products and services, backed by our global dealer
network, provide exceptional value that helps customers succeed.
Caterpillar does business on every continent, principally operating
through three primary segments – Construction Industries, Resource
Industries and Energy & Transportation – and providing
financing and related services through our Financial Products
segment. Visit us at caterpillar.com or join the conversation
on our social media channels at
caterpillar.com/en/news/socialmedia.html.
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SOURCE Caterpillar Inc.