Caterpillar raises quarterly dividend 8% to $1.41/share, adds $20B to buyback authorization

CATERPILLAR INC

Quarterly dividend increased to $1.41 per share from $1.30, an 8% rise; payable Aug. 20, 2024 to holders of record July 22, 2024.
Board added $20 billion to existing share repurchase authorization, bringing total capacity to approx. $21.8 billion.
Company expects to continue returning substantially all ME&T free cash flow to shareholders over time.
Caterpillar has paid higher annual dividends for 30 consecutive years; member of S&P 500 Dividend Aristocrats Index.

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