■ Increase · July 20, 2026
Caterpillar (CAT) Raises Quarterly Dividend by 8% to $1.63
Caterpillar Inc. increased its quarterly dividend by 8% to $1.63 per share, marking 32 consecutive years of annual dividend growth.
Dividend Increase Details
Caterpillar Inc. (NYSE: CAT) announced a quarterly dividend increase of 12 cents, or 8%, bringing the new payout to $1.63 per share. The dividend is payable on August 19, 2026, to shareholders of record as of July 20, 2026. This marks the company's 32nd consecutive year of higher annual dividends, maintaining its status on the S&P 500 Dividend Aristocrats Index.
Financial Context and Strategy
The dividend increase reflects Caterpillar's enterprise strategy, which combines equipment with advanced technology to address customer challenges. The company expects to return substantially all Machinery, Power & Energy (MP&E) free cash flow to shareholders over time through dividends and share repurchases. Caterpillar has paid a cash dividend every year since its formation and has maintained quarterly payments since 1933.
For more on Caterpillar's payout history, see the dividend history page. To estimate potential dividend income, use the CAT dividend calculator.
Company Overview
Caterpillar is a leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. In 2025, the company reported sales and revenues of $67.6 billion. Its primary business segments include Power & Energy, Construction Industries, and Resource Industries.
What it means for income investors
With 32 consecutive years of dividend growth and a strong free cash flow generation, Caterpillar demonstrates a consistent commitment to shareholder returns. The current yield, based on the new quarterly rate, remains competitive within the industrial sector, though future increases will depend on the company's cash flow performance.
Reporting based on: PR Newswire. Figures verified against market data where available.