Caterpillar raises quarterly dividend by 8% to $1.41/share and increases share repurchase authorization to $21.8bn.
Caterpillar Inc. increases quarterly dividend by 8% to $1.41 per share and adds $20bn to share repurchase authorization, allowing for up to $21.8bn common stock repurchases. The company plans to continue returning substantial Machinery, Energy & Transportation free cash flow to shareholders through dividends and buybacks. The moves are part of their long-term profitable growth strategy.
June 12, 2024
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