Caterpillar Increases Dividend From $1.30 To $1.41 Per Share And Increases Share Repurchase Authorization $20B, Caterpillar May Now Purchase Up To ~$21.8B Of Its Common Stock
Portfolio Pulse from Benzinga Newsdesk
Caterpillar Inc. (NYSE:CAT) has announced an 8% increase in its quarterly dividend to $1.41 per share and expanded its share repurchase authorization by $20 billion, allowing for up to $21.8 billion in stock buybacks.
June 12, 2024 | 2:33 pm
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Caterpillar Inc. has increased its quarterly dividend by 8% to $1.41 per share and expanded its share repurchase authorization by $20 billion, now totaling $21.8 billion. This move signals strong financial health and commitment to returning value to shareholders.
The increase in dividend and the substantial share repurchase authorization indicate strong financial performance and a commitment to returning value to shareholders. This is likely to positively impact the stock price in the short term.
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