Cat Maintains Quarterly Dividend
By: Bob Larson
Updated: April 26, 2013
Caterpillar announced Wednesday its maintaining its quarterly cash dividend of 52 cents per share payable on December 31st. However, the company says its accelerating payment of the first quarter 2013 dividend to December because of the uncertainty about U S tax policy. CEO Doug Oberhelman estimates the earlier dividend payout could save stockholders about $30 million. Caterpillar has paid higher dividends to stockholders for 19 consecutive years and since 1998, the company's cash dividend has more than tripled.
