Caterpillar stand strong amid economic storm

Source: Construction Digital

Date :10/10/2008 4:41:39 AM

Caterpillar Inc have said shareholders would still benefit from its quarterly dividend, while United Technologies Corp raised its payout.

The optimistic moves indicate that two of the leading US industrial companies are not hoarding their cash.

Caterpillar, the world's largest maker of construction and mining equipment, declared a quarterly dividend of 42 cents a share.

The company said the payment was yet another sign of its financial health and its ability to weather the current economic gales.