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- Caterpillar Inc. (NYSE:CAT) raised the quarterly cash dividend by 8% to $1.20 from $1.11 per share of common stock.
- The new dividend is payable on August 19, 2022, to shareholders of record at the close of business on July 20, 2022.
- "We intend to return substantially all ME&T free cash flow to shareholders over time through dividends and share repurchases," stated Caterpillar Chairman and CEO Jim Umpleby.
- Caterpillar generated an operating cash flow of $313 million in Q1, compared to $1.93 billion a year ago. It held $6.53 billion in cash and equivalents as of March 31, 2022.
- Price Action: CAT shares are trading higher by 1.34% at $230.15 during the market session on Wednesday.
- Photo Via Wikimedia Commons
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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