By Doc Louallen


Caterpillar increased its quarterly cash dividend by 8% to $1.63 a share from $1.51.

The payout is equal to $6.52 a year and is equivalent to a dividend yield of 0.7% based on the company's latest closing share price of $856.16.

"Caterpillar expects to continue to return substantially all Machinery, Power & Energy (MP&E) free cash flow to shareholders over time through dividends and share repurchases," the manufacturer of construction and mining equipment said Wednesday.

The dividend is payable Aug. 19 to shareholders of record July 20.


Write to Doc Louallen at Doc.Louallen@wsj.com


(END) Dow Jones Newswires

06-10-26 1644ET