dividend
confidence high
sentiment positive
materiality 0.60
Caterpillar raises dividend 8% to $1.20/qtr; climate disclosure proposal approved by shareholders
CATERPILLAR INC
- Quarterly cash dividend increased 8% to $1.20/share from $1.11, payable Aug 19 to holders of record July 20.
- CEO Umpleby cites strong balance sheet and confidence in free cash flow; intends to return substantially all ME&T FCF via dividends and buybacks.
- All 10 director nominees elected; advisory say-on-pay passed with over 93% of votes cast (excluding broker non-votes).
- Shareholder climate disclosure proposal approved with ~96% of votes cast; three other shareholder proposals did not pass.
- Bylaws amended to change officer titles from vice president to senior vice president, effective immediately.