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Daily Dividend Report: CAT, MSFT, TGT, BMY, JCI
Wednesday, June 14, 12:21 PM ET

The board of directors of Caterpillar voted today to increase the quarterly cash dividend by one cent to seventy-eight cents ($0.78) per share of common stock, payable August 19, 2017, to shareholders of record at the close of business on July 20, 2017. Caterpillar has paid higher dividends to its shareholders for 23 consecutive years, and since 2007, the company's cash dividend has more than doubled. Caterpillar has paid a cash dividend every year since the company was formed and has paid a quarterly dividend since 1933.

Microsoft today announced that its board of directors declared a quarterly dividend of $0.39 per share. The dividend is payable September 14, 2017 to shareholders of record on August 17, 2017. The ex-dividend date will be August 15, 2017.

The board of directors of Target has declared a quarterly dividend of 62 cents per common share, a 3.3% increase from the prior quarterly dividend of 60 cents. The dividend is payable Sept. 10, 2017 to shareholders of record at the close of business August 16, 2017. The 3rd quarter dividend will be the company's 200th consecutive dividend paid since October 1967 when the company became publicly held. With the increase announced today, 2017 is expected to be the 46th consecutive year in which Target has increased its annual dividend.

The Board of Directors of Bristol-Myers Squibb today declared a quarterly dividend of thirty-nine cents ($0.39) per share on the $.10 par value Common Stock of the corporation. The next quarterly dividend will be payable on August 1, 2017, to stockholders of record at the close of business on July 7, 2017.

The board of directors of Johnson Controls has approved a regular quarterly cash dividend of $0.25 per common share payable on July 7, 2017 to shareholders of record at the close of business on June 28, 2017. Johnson Controls has paid a consecutive dividend since 1887.

For MarketNewsVideo.com, I'm Sayoko Murase.

Daily Dividend Report: CAT, MSFT, TGT, BMY, JCI picture
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Wednesday, June 14, 12:21 PM ET
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