PEORIA, Illinois, June 8, 2016 /PRNewswire/ --
The Board of Directors of Caterpillar
Inc. (NYSE: CAT) voted today to maintain the quarterly cash
dividend of seventy-seven cents
($0.77) per share of common stock,
payable August 20, 2016, to
stockholders of record at the close of business on July 20, 2016.
"Our balance sheet and operational performance are strong, even
after several years of challenging market conditions. We are
maintaining an attractive dividend for our stockholders and
positioning the company for growth once our markets rebound," said
Caterpillar Chairman and CEO Doug
Oberhelman.
Caterpillar has paid higher dividends to its stockholders for 22
consecutive years, and since 2007, the company's cash dividend has
more than doubled. Caterpillar has paid a cash dividend every year
since the company was formed and has paid a quarterly dividend
since 1933.
About Caterpillar
For 90 years, Caterpillar Inc. has been making sustainable progress
possible and driving positive change on every continent.
Customers turn to Caterpillar to help them develop
infrastructure, energy and natural resource assets. With 2015 sales
and revenues of $47.011 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 principally
operates through its three product segments - Construction
Industries, Resource Industries and Energy & Transportation -
and also provides financing and related services through its
Financial Products segment. For more information,
visit caterpillar.com. To connect with us on social media,
visit caterpillar.com/social-media.
Forward-looking Statements
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 and
regional economic conditions and economic conditions in the
industries we serve; (ii) government monetary or fiscal policies
and infrastructure spending; (iii) commodity price changes,
component price increases, fluctuations in demand for our products
or significant shortages of component products; (iv) disruptions or
volatility in global financial markets limiting our sources of
liquidity or the liquidity of our customers, dealers and suppliers;
(v) political and economic risks, commercial instability and events
beyond our control in the countries in which we operate; (vi)
failure to maintain our credit ratings and potential resulting
increases to our cost of borrowing and adverse effects on our cost
of funds, liquidity, competitive position and access to capital
markets; (vii) our Financial Products segment's risks associated
with the financial services industry; (viii) changes in interest
rates or market liquidity conditions; (ix) an increase in
delinquencies, repossessions or net losses of Cat Financial's
customers; (x) new regulations or changes in financial services
regulations; (xi) a failure to realize, or a delay in realizing,
all of the anticipated benefits of our acquisitions, joint ventures
or divestitures; (xii) international trade policies and their
impact on demand for our products and our competitive position;
(xiii) our ability to develop, produce and market quality products
that meet our customers' needs; (xiv) the impact of the highly
competitive environment in which we operate on our sales and
pricing; (xv) failure to realize all of the
anticipated benefits from initiatives to increase our
productivity, efficiency and cash flow and to reduce costs; (xvi)
additional restructuring costs or a failure to realize anticipated
savings or benefits from past or future cost reduction actions;
(xvii) inventory management decisions and sourcing practices of our
dealers and our OEM customers; (xviii) compliance with
environmental laws and regulations; (xix) alleged or actual
violations of trade or anti-corruption laws and regulations; (xx)
additional tax expense or exposure; (xxi) currency fluctuations;
(xxii) our or Cat Financial's compliance with financial covenants;
(xxiii) increased pension plan funding obligations; (xxiv) union
disputes or other employee relations issues; (xxv) significant
legal proceedings, claims, lawsuits or government investigations;
(xxvi) changes in accounting standards; (xxvii) failure or breach
of IT security; (xxviii) adverse effects of unexpected events
including natural disasters; and (xxix) other factors described in
more detail under "Item 1A. Risk Factors" in our Form 10-K filed
with the SEC on February 16, 2016 for
the year ended December 31, 2015.
CONTACT: Rachel Potts, Global
Government & Corporate Affairs, Caterpillar, 309-675-6892,
309-573-3444, Potts_Rachel_A@cat.com
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