Caterpillar boosts quarterly dividend by 10% to 86c

The board of Caterpillar voted today to increase the quarterly cash dividend by 8c, a 10% raise, to 86c per share of common stock, payable August 20, to shareholders of record at the close of business on July 20. “Increasing our dividend builds on our long history of dividend growth,” said Caterpillar CEO Jim Umpleby. “It also demonstrates our confidence in our strategy to pursue long-term profitable growth to deliver increased value to shareholders.”