Caterpillar Boosts Quarterly Dividend By 8%
Portfolio Pulse from Shivani Kumaresan
Caterpillar Inc's Board of Directors has approved an 8% increase in the quarterly dividend to $1.30 per share, payable on August 18, 2023. The company has a strong cash flow, balance sheet, and liquidity position, supporting its long history of growing dividends.
June 14, 2023 | 4:53 pm
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POSITIVE IMPACT
Caterpillar's 8% dividend increase reflects its strong financial position and commitment to returning value to shareholders.
The 8% dividend increase demonstrates Caterpillar's strong financial position, including its cash flow, balance sheet, and liquidity. This move is likely to be seen positively by investors, as it signals the company's commitment to returning value to shareholders, potentially leading to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100