Corporate News
Caterpillar Inc. has announced a 7% increase in its quarterly dividend to $1.51 per share, effective immediately. This move marks the company’s 31st consecutive year of annual dividend increases.
The decision to increase the dividend reflects Caterpillar’s commitment to returning a substantial portion of its free cash flow to shareholders. This approach is in line with the company’s long-term strategy of prioritizing shareholder returns.
Key details of the dividend increase include:
- Quarterly dividend: $1.51 per share
- Annual dividend payout: $2.65 billion
- Increase from previous year: 8.43%
The dividend increase was approved during Caterpillar’s annual meeting, where shareholders also ratified the company’s executive leadership and other corporate governance matters.