Caterpillar maintains quarterly dividend rate

Caterpillar is maintaining its dividend rate for the quarter. The company’s board of directors voted to keep the quarterly cash dividend rate at $.70 per share.

Caterpillar’s chief executive, Doug Oberhleman, says one-point-six billion dollars of dividends paid and more than four-billion dollars of stock repurchases make 2014 a record year for return of capital.

Shareholders can collect their dividend February 20th. It’s being paid out to stockholders of record at the close of business on January 20.

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