PR Newswire/Les Echos/
Caterpillar Inc. Maintains Dividend Rate
PEORIA, Ill., Dec. 11, 2013 -- The Board of Directors of Caterpillar Inc. (NYSE:
CAT) voted today to maintain the quarterly cash dividend of sixty cents ($0.60)
per share of common stock, payable February 20, 2014, to stockholders of record
at the close of business on January 21, 2014.
"Following the 15-percent increase in our quarterly dividend announced in June
and $2 billion in stock repurchase completed this year, this action is another
demonstration of how we are taking advantage of our strong balance sheet and
cash flow to return capital to stockholders," said Caterpillar Chairman and CEO
Caterpillar has paid higher dividends to its stockholders for 20 consecutive
years, and since 1998, the company's cash dividend has more than tripled.
Including the announcement today, Caterpillar has paid a cash dividend every
year since the company was formed and has paid a quarterly dividend since
For more than 85 years, Caterpillar Inc. has been making sustainable progress
possible and driving positive change on every continent. With 2012 sales and
revenues of $65.875 billion, Caterpillar is the world's leading manufacturer of
construction and mining equipment, diesel and natural gas engines, industrial
gas turbines and diesel-electric locomotives. The company also is a leading
services provider through Caterpillar Financial Services, Caterpillar
Remanufacturing Services and Progress Rail Services. More information is
available at: http://www.caterpillar.com/.
Certain statements in this press release relate to future events and
expectations and are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Words such as "believe,"
"estimate," "will be," "will," "would," "expect," "anticipate," "plan,"
"project," "intend," "could," "should" or other similar words or expressions
often identify forward-looking statements. All statements other than statements
of historical fact are forward-looking statements, including, without
limitation, statements regarding our outlook, projections, forecasts or trend
descriptions. These statements do not guarantee future performance, and we do
not undertake to update our forward-looking statements.
Caterpillar's actual results may differ materially from those described or
implied in our forward-looking statements based on a number of factors,
including, but not limited to: (i) global economic conditions and economic
conditions in the industries and markets we serve; (ii) government monetary or
fiscal policies and infrastructure spending; (iii) commodity or component price
increases, fluctuations in demand for our products, or limited availability of
raw materials and component products, including steel; (iv) our and our
customers', dealers' and suppliers' ability to access and manage liquidity; (v)
political and economic risks and instability, including national or
international conflicts and civil unrest; (vi) our and Cat Financial's ability
to: maintain credit ratings, avoid material increases in borrowing costs, and
access capital markets; (vii) the financial condition and credit worthiness of
Cat Financial's customers; (viii) changes in interest rates or market liquidity;
(ix) changes in financial services regulation; (x) inability to realize expected
benefits from acquisitions, including ERA Mining Machinery Limited, and
divestitures, including the divestiture of the Bucyrus International, Inc.
distribution business to our independent dealers; (xi) international trade and
investment policies; (xii) market acceptance of our products and services;
(xiii) changes in the competitive environment, including market share, pricing
and geographic and product mix of sales; (xiv) successful implementation of
capacity expansion projects, cost reduction initiatives and efficiency or
productivity initiatives, including the Caterpillar Production System; (xv)
inventory management decisions and sourcing practices of our dealers or original
equipment manufacturers; (xvi) compliance with environmental laws and
regulations; (xvii) alleged or actual violations of trade or anti-corruption
laws and regulations; (xviii) additional tax expense or exposure; (xix) currency
fluctuations; (xx) our or Cat Financial's compliance with financial covenants;
(xxi) increased pension plan funding obligations; (xxii) union disputes or other
labor matters; (xxiii) significant legal proceedings, claims, lawsuits or
investigations; (xxiv) compliance requirements imposed if carbon emissions
legislation and/or regulations are adopted; (xxv) changes in accounting
standards; (xxvi) failure or breach of information technology security; (xxvii)
adverse effects of natural disasters; and (xxviii) other factors described in
more detail under "Item 1A. Risk Factors" in our Form 10-K filed with the SEC on
February 19, 2013 for the year ended December 31, 2012. This filing is available
on our website at www.caterpillar.com/secfilings.
SOURCE Caterpillar Inc.
CONTACT: Barbara Cox, Global Government & Corporate Affairs, 309-494-4607,
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-0- Dec/11/2013 15:58 GMT
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