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Get filing alertsCaterpillar raises quarterly dividend 8% to $1.63/share, extends 32-year streak
Filed June 11, 2026 · Period ending June 10, 2026 · ~1 min read
Key Changes
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Quarterly dividend increased 8% from $1.51 to $1.63 per share, payable Aug. 19 to shareholders of record July 20; marks 32nd consecutive year of annual increases, maintaining S&P 500 Dividend Aristocrats status.
Exhibit 99.1 view on EDGAR → -
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Company reaffirmed capital allocation policy to return substantially all Machinery, Power & Energy free cash flow to shareholders through dividends and share repurchases.
Exhibit 99.1 view on EDGAR → -
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All 10 director nominees elected to one-year terms with support ranging from 94.7% to 99.5% of votes cast; 68.0 million broker non-votes recorded for each director.
Item 5.07 — Submission of Matters to a Vote of Security Holders verify on EDGAR → -
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Say-on-pay approved with 95.1% support (307.9 million For, 15.8 million Against, 1.7 million Abstain, 68.0 million broker non-votes), indicating shareholder satisfaction with executive compensation practices.
Item 5.07 — Submission of Matters to a Vote of Security Holders verify on EDGAR → -
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PricewaterhouseCoopers LLP ratified as 2026 independent auditor with 94.9% support (372.9 million For, 19.9 million Against); shareholder proposal for written consent defeated 60.5% to 39.5%.
Item 5.07 — Submission of Matters to a Vote of Security Holders verify on EDGAR →
Summary
Caterpillar announced an 8% dividend increase to $1.63 per share quarterly, extending its streak to 32 consecutive years of annual raises and preserving its S&P 500 Dividend Aristocrats membership. The $0.12 increase reflects management's confidence in cash generation from 2025 revenues of $67.6 billion and reaffirms the company's policy of returning substantially all Machinery, Power & Energy free cash flow to shareholders. The annual meeting produced routine governance outcomes.
All ten directors won re-election with strong support (94.7%–99.5%), say-on-pay passed with 95.1% approval, and the auditor ratification received 94.9% backing. A shareholder proposal to permit action by written consent was defeated 60.5% to 39.5%, with the board's opposition prevailing. The dividend raise is the material takeaway for income-focused investors; the governance votes reflect normal shareholder confidence in board oversight and executive pay alignment.
Section-by-Section Diff
Event · Item 5.07 — Submission of Matters to a Vote of Security Holders
Caterpillar held its 2026 annual meeting, electing all 10 directors and approving auditor ratification and say-on-pay.
Show 2 minor / wording changes
Added in current filing · verify on EDGAR →
The proposal requesting ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for 2026 was approved with the following vote: For Against Abstain 372,882,425 19,911,190 692,384
Shareholders ratified PricewaterhouseCoopers LLP as the independent auditor for 2026 with 94.9% support of votes cast. This is a routine annual approval indicating confidence in the audit relationship.
Added in current filing · verify on EDGAR →
The proposal requesting that the shareholders of the Company approve executive compensation, on an advisory basis, was approved with the following vote: For | Against | Abstain | Broker Non-Votes 307,919,503 | 15,792,946 | 1,740,901 | 68,032,649
The advisory vote on executive compensation passed with 95.1% support of votes cast. This strong approval indicates shareholder satisfaction with the company's executive pay practices and alignment with performance.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
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 company reaffirmed its capital allocation strategy of returning substantially all MP&E free cash flow to shareholders through dividends and buybacks. This signals management's confidence in cash generation and commitment to shareholder returns.
Added in current filing · view on EDGAR →
With 2025 sales and revenues of $67.6 billion
Caterpillar disclosed 2025 full-year sales and revenues of $67.6 billion. This provides context for the company's scale and cash-generation capacity supporting the dividend increase.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 21, 2026 · How we verify