Caterpillar (CAT) has provided an announcement.
Caterpillar Inc. successfully held its 2024 Annual Shareholders Meeting virtually, where all director nominees were elected for one-year terms, and key proposals regarding executive compensation and the accounting firm were approved. However, shareholder proposals for an independent board chairman, lobbying disclosure, and restrictions on director board service were not passed. Additionally, the company announced an increase in its quarterly cash dividend to $1.41 per share, an eleven-cent rise from the previous dividend, and boosted its share repurchase authorization by $20 billion, signaling strong financial confidence.
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