Caterpillar’s Board of Directors voted to maintain the quarterly cash dividend of $0.52 per share of common stock, payable December 31, 2012, to stockholders of record at the close of business, December 24, 2012.
“After reporting a record third quarter for sales and profit, I am pleased to announce we are maintaining Caterpillar's quarterly dividend. While we remain watchful and attentive to the current political and economic landscape, we continue to track toward our long-term goals and expectations outlined in our enterprise strategy,” said Caterpillar Chairman and CEO Doug Oberhelman.
“In addition to maintaining the quarterly dividend, we're accelerating payment of the first-quarter 2013 dividend to December 31, 2012. Because of the uncertainty about U.S. tax policy, we're acting in the interest of our stockholders. We estimate this action could save our stockholders around $30 million,” added Oberhelman.