Caterpillar boosts quarterly dividend to 60 centsJune 12, 2013 @ 9:03 am
PEORIA, Ill. (AP) - Caterpillar says its board has voted to increase the company's quarterly cash dividend by 8 cents to 60 cents.
The dividend will be paid on Aug. 20 to shareholders of record as of July 22.
Caterpillar Inc. Chairman and CEO Doug Oberhelman says the 15 percent increase, along with the company's $1 billion accelerated stock buyback announced in April, support its commitment to boost value for shareholders.
The move marks the Peoria, Ill.-based company's fourth-straight year with a dividend increase.
Its shares fell 30 cents to $83.22 in midday trading as broader market indicators fell.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Danny O'Neil offers his retort to a column that blames Denver's loss on overtime rules
Add Life to Their Days
How a local nurse plans to ease the pain of saying 'goodbye'
The Seahawks have the NFL's single biggest difference maker
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.