PEORIA, Ill., April 11 /PRNewswire-FirstCall/ -- Caterpillar Inc. (NYSE:CAT) today declared a quarterly cash dividend of thirty cents ($0.30) per share on its common stock, payable May 19, 2007, to stockholders of record at the close of business April 23, 2007.
The thirty cent dividend maintains the dividend rate for the previous quarter and is 20 percent higher than the dividend paid one year ago. Caterpillar has paid a dividend every year since incorporation in 1925.
"Strong financial performance has enabled Caterpillar to reward stockholders through dividends over a long period of time. Going forward, we are continuing our commitment to stockholders by rewarding them through quarterly dividends and our recently announced $7.5 billion stock repurchase program." said Caterpillar Chairman and Chief Executive Officer Jim Owens.
For more than 80 years, Caterpillar Inc. has been making progress possible and driving positive and sustainable change on every continent. With 2006 sales and revenues of $41.517 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.SAFE HARBOR
Certain statements in this release relate to future events and expectations and as such constitute forward-looking statements involving known and unknown factors that may cause actual results of Caterpillar Inc. to be different from those expressed or implied in the forward-looking statements. In this context, words such as "will" and "expect" or other similar words and phrases often identify forward-looking statements made on behalf of Caterpillar. It is important to note that actual results of the company may differ materially from those described or implied in such forward-looking statements based on a number of factors and uncertainties, including, but not limited to, changes in economic conditions, currency exchange or interest rates; political stability; market acceptance of the company's products and services; significant changes in the competitive environment; epidemic diseases; changes in law, regulations and tax rates; and other general economic, business and financing conditions and factors described in more detail in the company's Form 10-K filed with the Securities and Exchange Commission on February 23, 2007. We do not undertake to update our forward-looking statements.
Source: Caterpillar Inc.