Cat announces quarterly dividend

Caterpillar has announced a quarterly dividend of 30 cents per common share payable May 19, 2007 to stockholders on record as of April 23, 2007.

According to the company, the 30-cent dividend rate maintains the previous quarter’s rate and is 20 percent higher than the dividend paid one year ago.

“Going forward, we are continuing our commitment to stockholders by rewarding them through quarterly dividends and our recently announced $7.5 billion stock repurchase program,” says Jim Owens, chairman and chief executive officer of Cat.