Caterpillar Boosting Dividend by 20%
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Caterpillar, traded on the New York Stock Exchange, is a component of the Dow Jones Industrial Average, a gauge of the stock market.
ngine and heavy-equipment manufacturer Caterpillar Inc.’s board of directors voted to raise the company’s quarterly cash dividend 5 cents to 30 cents per share, a 20% increase, the company said Wednesday.
The dividend will be payable Aug. 19 to shareholders of record as of close of business July 20, Caterpillar said in a statement.
Caterpillar expects 2006 to be its third consecutive year of record results, and today’s announcement reflects the [board’s] confidence in Caterpillar’s long-term outlook," said Chairman and Chief Executive Officer Jim Owens.
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