Caterpillar raises quarterly dividend by 20 percent to record payout

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Caterpillar raises quarterly dividend by 20 percent to record payout
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Caterpillar Inc will issue a record dividend for the second quarter, up 20 perce...

Caterpillar Inc. equipment is on display for sale at a retail site in San Diego, California, U.S., March 3, 2017. REUTERS/Mike Blake

The dividend of $1.03 per share will be paid on Aug. 20 to shareholders at the close of business on July 22, it said. At its investor day, the company is expected to provide an updated overview of its long-term financial strategy.

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