Caterpillar, the world’s largest manufacturer of excavators, bulldozers and mining trucks, will reward its shareholders. The company will raise the quarterly dividend by 20 percent. In addition, they can count on a further increase in their profit share in the coming years.
Caterpillar talks to its investors on Thursday about the course to be sailed. Given the current cash flow of the company, Caterpillar is also considering buying back its own shares on a more “consistent basis”.
In the first quarter of this year, the company particularly benefited from improvements in the mining branch. In addition, Caterpillar expressed the expectation that financial performance could take off. The company notes that miners in particular are putting more money into modernizing and replacing equipment and equipment.
Maurice Esma, a co-founder of EconomicInform is a freelance journalist with the expertise in international finance and corporate rights. The author can be reached by email email@example.com