Ct Automotive Regulatory News (CTA)

14 Jun 2007 07:00

Caterpillar Inc13 June 2007 June 13, 2007 Caterpillar contact:Rusty L. DunnCorporate Public AffairsCaterpillar Inc.309/675-4803dunn_rusty_l@cat.com FOR IMMEDIATE RELEASE Caterpillar Raises Dividend Rate 20 Percent PEORIA, Ill. - The Board of Directors of Caterpillar Inc. (NYSE: CAT) todayvoted to again increase the quarterly cash dividend by six cents to thirty-sixcents ($0.36) per share of common stock, payable August 20, 2007, tostockholders of record at the close of business on July 20, 2007. "This increase reflects the Board of Directors' continued confidence in Caterpillar's long-term outlook," said Caterpillar Chairman and Chief Executive Officer Jim Owens. "Our broad global reach and business diversity are enabling our continued success, and we're pleased to reward our stockholders with consistent dividend growth. Team Caterpillar is on track to deliver future success throughout the company by using 6 Sigma to achieve our strategic goals of improved safety, quality, velocity and growth." The $0.36 dividend is an increase of 20 percent over the previous rate of $0.30per share. This is the third consecutive year that Caterpillar has increased itsdividend by at least 20 percent. Caterpillar has paid higher dividends in eachof the last 14 years. For more than 80 years, Caterpillar Inc. has been making progress possible anddriving positive and sustainable change on every continent. With 2006 sales andrevenues of $41.517 billion, Caterpillar is the world's leading manufacturer ofconstruction and mining equipment, diesel and natural gas engines and industrialgas turbines. The company also is a leading services provider through Caterpillar Financial Services, CaterpillarRemanufacturing Services, Caterpillar Logistics Services and Progress RailServices. More information is available at http://www.cat.com. This information is provided by RNS The company news service from the London Stock Exchange