PEORIA, Ill., Oct. 10 /PRNewswire-FirstCall/ -- Highlighting the company's global reach and industry diversity, the Board of Directors of Caterpillar Inc. (NYSE:CAT) today declared a quarterly cash dividend of thirty-six cents ($0.36) per share on its common stock, payable November 20, 2007, to stockholders of record at the close of business October 22, 2007.
"Caterpillar's strong global footprint, diversified service businesses and aggressive new product development strategies are delivering very solid financial results," said Caterpillar Chairman and Chief Executive Officer Jim Owens. "As a result, we continue to reward our stockholders through quarterly dividends. Moving forward, I have a high level of confidence that our deployment of the Caterpillar Production System and the use of 6 Sigma discipline will drive Team Caterpillar to achieve our strategic goals for safety, quality, velocity and growth."
The $0.36 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 quarter since November 1933 (296 consecutive quarters) and has paid higher dividends in each of the last 14 years.
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/.
Source: Caterpillar Inc.