Attached files
| file | filename |
|---|---|
| EX-3.2 - BYLAW AMENDMENT - CATERPILLAR INC | ex_3-2.htm |
| EX-99.1 - PRESS RELEASE UPDATED STRATEGY - CATERPILLAR INC | ex_99-1.htm |
| 8-K - FORM 8K ANNUAL MEETING RESULTS & PRESS RELEASES - CATERPILLAR INC | form8k_amresults-releases.htm |
EXHIBIT
99.2
 |
News
|
Caterpillar
contact: June 9, 2010
Jim
Dugan
Corporate Public
Affairs
309-494-4100
dugan_jim@cat.com
FOR
IMMEDIATE RELEASE
Caterpillar Inc. Increases
Dividend Rate
PEORIA, Ill. – The Board of
Directors of Caterpillar Inc. (NYSE: CAT) voted today to raise the quarterly
cash dividend by two cents to forty-four ($0.44) cents per share of common
stock, payable August 20, 2010, to stockholders of record at the close of
business, July 20, 2010.
“During the global
economic turmoil of
2009, Caterpillar maintained its dividend rate, while also strengthening the
company’s balance sheet and improving cash flow. Now we are pleased
to reward stockholders with dividend growth, which underscores Caterpillar’s
global reach and the strength of our business model,” said Caterpillar Chairman
and Chief Executive Officer Jim Owens. “With this increase,
Caterpillar has paid higher dividends to its stockholders for 17 years in a
row.”
The $0.44 dividend
is an increase of five percent over the previous rate of $0.42 per
share. Including the announcement today, Caterpillar has paid a cash
dividend every year since the company was formed in 1925, and its cash dividend
has nearly tripled since 1998.
About
Caterpillar:
For more than 85
years, Caterpillar Inc. has been making progress possible and driving positive
and sustainable change on every continent. With 2009 sales and
revenues of $32.396 billion, Caterpillar is the world’s leading manufacturer of
construction and mining equipment, diesel and natural gas engines and industrial
gas turbines. The company also is a leading services provider through
Caterpillar Financial Services,Caterpillar
Remanufacturing Services, Caterpillar Logistics Services and Progress Rail
Services. More information is available at: http://www.cat.com.
Forward-Looking
Statements
Certain statements
in this press release relate to future events and expectations and, as such,
constitute forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements are
subject to known and unknown factors that may cause actual results of
Caterpillar Inc. to be different from those expressed or implied in the
forward-looking statements. Words such as “believe,” “estimate,” “will be,”
“will,” “would,” “expect,” “anticipate,” “plan,” “project,” “intend,” “could,”
“should” or other similar words or expressions often identify forward-looking
statements. All statements other than statements of historical fact
are forward-looking statements, including, without limitation, statements
regarding our outlook, projections, forecasts or trend descriptions. These
statements do not guarantee future performance, and Caterpillar does not
undertake to update its forward-looking statements.
It is important to note that actual
results of the company may differ materially from those described or implied in
such forward-looking statements based on a number of factors, including, but not
limited to: (i) economic volatility in the global economy generally and in
capital and credit markets; (ii) Caterpillar’s ability to generate cash
from operations, secure external funding for operations and manage liquidity
needs; (iii) adverse changes in the economic conditions of the industries
or markets Caterpillar serves; (iv) government regulations or policies,
including those affecting interest rates, liquidity, access to capital and
government spending on infrastructure development; (v) commodity price
increases and/or limited availability of raw materials and component products,
including steel; (vi) compliance costs associated with environmental laws
and regulations; (vii) Caterpillar’s and Cat Financial’s ability to
maintain their respective credit ratings, material increases in either company’s
cost of borrowing or an inability of either company to access capital markets;
(viii) financial condition and credit worthiness of Cat Financial’s
customers; (ix) material adverse changes in our customers’ access to
liquidity and capital; (x) market acceptance of Caterpillar’s products and
services; (xi) effects of changes in the competitive environment, which may
include decreased market share, lack of acceptance of price increases, and/or
negative changes to our geographic and product mix of sales;
(xii) Caterpillar’s ability to successfully implement Caterpillar
Production System or other productivity initiatives; (xiii) international
trade and investment policies, such as import quotas, capital controls or
tariffs; (xiv) failure of Caterpillar or Cat Financial to comply with
financial covenants in their respective credit facilities; (xv) adverse
changes in sourcing practices for our dealers or original equipment
manufacturers; (xvi) additional tax expense or exposure;
(xvii) political and economic risks associated with our global operations,
including changes in laws, regulations or government policies, currency
restrictions, restrictions on repatriation of earnings, burdensome tariffs or
quotas, national and international conflict, including terrorist acts and
political and economic instability or civil unrest in the countries in which
Caterpillar operates; (xviii) currency fluctuations, particularly increases
and decreases in the U.S. dollar against other currencies;
(xix) increased payment obligations under our pension plans;
(xx) inability to successfully integrate and realize expected benefits from
acquisitions; (xxi) significant legal proceedings, claims, lawsuits or
investigations; (xxii) imposition of significant costs or restrictions due
to the enactment and implementation of health care reform legislation and
proposed financial regulation legislation; (xxiii) changes in accounting
standards or adoption of new accounting
standards; (xxiv) adverse effects of natural disasters; and
(xxv) other factors described in more detail under “Item
1A. Risk Factors” in Part I of our Form 10-K filed with the SEC on
February 19, 2010 for the year ended December 31, 2009 and in Part II of our
Form 10-Q filed with the SEC on May 3, 2010 for the quarter ended March 31,
2010. These filings are available on our website at
www.cat.com/sec_filings.