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.