Summary
Caterpillar Inc. (CAT) announced on June 8, 2011, a quarterly cash dividend of $0.46 per share of common stock. This represents a $0.02 increase from the previous quarter's dividend of $0.44 per share, signaling continued confidence in the company's financial performance and its ability to return value to shareholders. The dividend is payable on August 20, 2011, to stockholders of record on July 20, 2011. In addition to the dividend declaration, Caterpillar reaffirmed its 2011 financial outlook through a press release. While the specific details of the reaffirmed outlook are not contained within this 8-K filing itself, the act of increasing the dividend and reaffirming guidance suggests management's positive sentiment regarding the company's operational and financial trajectory for the remainder of the fiscal year.
Key Highlights
- 1Caterpillar Inc. declared a quarterly cash dividend of $0.46 per common share.
- 2This dividend represents a $0.02 per share increase from the prior quarter's dividend.
- 3The dividend is scheduled to be paid on August 20, 2011.
- 4The record date for dividend eligibility is July 20, 2011.
- 5The company reaffirmed its 2011 financial outlook.
- 6The dividend increase and outlook reaffirmation suggest management's confidence in future performance.