CAT quarterly cash dividend increased - WEEK.com: Peoria-area News, Weather, Sports

CAT quarterly cash dividend increased

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PEORIA, Ill (HOI) -- -

Caterpillar's board of directors voted Wednesday to increase the quarterly cash dividend by one cent to 78 cents per share of common stock.

That is payable in August.

CAT CEO Jim Umpleby says the company's improved cost structure, strong balance sheet and solid cash flow make it possible for us to continue our long history of returning value to shareholders through our dividend.

CAT has paid higher annual dividends to shareholders for 23 consecutive years.

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