Caterpillar Inc. Maintains Dividend

Rhea-AI Summary

The Board of Directors of Caterpillar (NYSE: CAT) announced on April 12, 2023, the decision to maintain its quarterly dividend at $1.20 per share. This dividend will be paid on May 19, 2023, to shareholders on record as of April 24, 2023. Caterpillar has consistently paid cash dividends since its formation, increasing its annual dividends for 29 consecutive years, earning a spot in the S&P 500 Dividend Aristocrats Index. In 2022, Caterpillar reported sales and revenues of $59.4 billion and continues to be a leader in construction and mining equipment manufacturing, with a commitment to sustainability and innovation.

Positive

• Maintained quarterly dividend of $1.20 per share, reflecting stability.
• Company has increased annual dividends for 29 consecutive years.
• Recognition as a member of the S&P 500 Dividend Aristocrats Index enhances investor confidence.
• Reported sales and revenues of $59.4 billion in 2022, indicating strong market presence.

Negative

• None.

News Market Reaction – CAT

-0.05%

1 alert

-0.05% News Effect

On the day this news was published, CAT declined 0.05%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

IRVING, Texas, April 12, 2023 /PRNewswire/ -- The Board of Directors of Caterpillar Inc. (NYSE: CAT) voted today to maintain the quarterly dividend of one dollar and twenty cents ($1.20) per share of common stock, payable May 19, 2023, to shareholders of record at the close of business on April 24, 2023.

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.

 

View original content:https://www.prnewswire.com/news-releases/caterpillar-inc-maintains-dividend-301795593.html

SOURCE Caterpillar Inc.

FAQ

What is the dividend amount for Caterpillar in 2023?

Caterpillar is maintaining a quarterly dividend of $1.20 per share for 2023.

When is the dividend payment date for Caterpillar?

The dividend payment date is scheduled for May 19, 2023.

How long has Caterpillar been paying dividends?

Caterpillar has paid cash dividends every year since the company was formed and has paid quarterly dividends since 1933.

How many consecutive years has Caterpillar increased its dividend?

Caterpillar has increased its annual dividends for 29 consecutive years.

What was Caterpillar's revenue for 2022?

Caterpillar reported sales and revenues of $59.4 billion for the year 2022.