Caterpillar Inc Raises Quarterly Dividend From $1.20 To $1.30 Per Share
Portfolio Pulse from Benzinga Newsdesk
Caterpillar Inc. (NYSE:CAT) has announced an 8% increase in its quarterly dividend, raising it from $1.20 to $1.30 per share. The dividend will be payable on August 18, 2023, to shareholders of record on July 20, 2023. Caterpillar has a long history of growing dividends and is a member of the S&P 500 Dividend Aristocrats Index.
June 14, 2023 | 2:27 pm
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POSITIVE IMPACT
Caterpillar's 8% dividend increase reflects its strong cash flow and commitment to returning value to shareholders. This may positively impact its stock price in the short term.
Caterpillar's dividend increase demonstrates the company's strong financial position and commitment to shareholder value. This news is likely to be well-received by investors, potentially leading to a short-term increase in the stock price.
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