Summary
Caterpillar Inc. (CAT) announced a positive development for its shareholders through a Form 8-K filing on June 12, 2013. The company's Board of Directors declared a quarterly cash dividend of $0.60 per share, marking an increase from the previous $0.52 per share. This 8-cent increase represents a significant commitment to returning capital to investors and reflects confidence in the company's financial position and future outlook. The dividend is payable on August 20, 2013, to stockholders of record as of July 22, 2013. This announcement, accompanied by a press release, signals a potentially stable or improving operating environment for Caterpillar, which is a key consideration for income-focused investors. The increase in dividend payout underscores the company's strategy of rewarding its shareholders.
Key Highlights
- 1Caterpillar Inc. (CAT) increased its quarterly cash dividend by 8 cents per share.
- 2The new quarterly dividend rate is $0.60 per share, up from $0.52 per share.
- 3The dividend declaration was made by the Board of Directors on June 11, 2013 (event date).
- 4The dividend will be paid on August 20, 2013.
- 5The record date for dividend eligibility is July 22, 2013.
- 6The company issued a press release on June 12, 2013, to announce the dividend increase.
- 7This filing is made under Regulation FD Disclosure (Item 7.01).