Caterpillar, construction, mining, equipment--Caterpillar Inc. Maintains Dividend Rate

The board of directors of Caterpillar Inc. voted to maintain the quarterly cash dividend of $0.44 cents per share of common stock, payable Nov. 20, 2010, to stockholders of record at the close of business, Oct. 25, 2010.  
 
"We remain focused on improving our cash flow, strengthening our balance sheet and providing solid returns that reward stockholders," said Caterpillar Chairman Jim Owens.  "For 17 years in a row, Caterpillar has paid higher dividends to its stockholders, and since 1998, our cash dividend has more than tripled, which underscores the company's performance through a wide range of economic cycles."      
 
The $0.44 dividend maintains the dividend rate from the previous quarter.  Including the announcement today, Caterpillar has paid a cash dividend every year since the company was formed in 1925.  
 
About Caterpillar:
For more than 85 years, Caterpillar Inc. has been making progress possible and driving positive and sustainable change on every continent.  With 2009 sales and revenues of $32.396 billion, Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines.  The company also is a leading services provider through Caterpillar Financial Services, Caterpillar Remanufacturing Services, Caterpillar Logistics Services and Progress Rail Services.  More information is available at:  http://www.cat.com.

Source: AED News