Caterpillar Increases Dividend 15%

Caterpillar (NYSE: CAT  ) has increased its common stock dividend to $0.60 per share, the company announced Wednesday, to be paid Aug. 20 to shareholders of record as of July 22.

That amount is 15% higher than the firm's previous distribution, which was $0.52 per share handed out last month.

Since 2010, Caterpillar has raised its payout once per year. Over the past decade, that disbursement has ranged from $0.25 per share to the current level.

The new dividend annualizes to $2.40 per share. That yields 2.9% at Caterpillar's most recent closing stock price of $83.21.


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