The board of directors of Caterpillar Inc. have voted to increase the quarterly cash dividend by eight cents, a 10 percent raise, to eighty-six cents ($0.86) per share of common stock, payable Aug. 20, 2018, to shareholders of record at the close of business on July 20, 2018.

"Increasing our dividend builds on our long history of dividend growth," said Caterpillar CEO Jim Umpleby. "It also demonstrates our confidence in our strategy to pursue long-term profitable growth to deliver increased value to shareholders."

Caterpillar has paid higher dividends to its shareholders for 24 consecutive years and, at $0.86 per share, the company's quarterly cash dividend has more than doubled since 2009. Caterpillar has paid a cash dividend every year since the company was formed and has paid a quarterly dividend since 1933.

About Caterpillar

For more than 90 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. Customers turn to Caterpillar to help them develop infrastructure, energy and natural resource assets. With 2017 sales and revenues of $45.462 billion, Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company principally operates through its three primary segments - Construction Industries, Resource Industries and Energy & Transportation - and also provides financing and related services through its Financial Products segment.

For more information, visit caterpillar.com.