Caterpillar Still Not Stopped
Hey, moonbats! How’s that “Stop Caterpillar” campaign going?
Caterpillar declares 2-for-1 stock split, ups div 22%. (Hat tip: LGF readers.)
SAN FRANCISCO (MarketWatch) — Caterpillar Inc. on Wednesday
announced a two-for-one stock split and increased its quarterly dividend by 22% to 50 cents a share from 41 cents a share on a pre-split basis. On a split-adjusted basis, the per-share increase of 4.5 cents is the largest in the company’s 80-year history. The stock-split shares will be distributed on July 13 to shareholders as of June 22 and Caterpillar’s previously announced share buyback program goal to reduce outstanding shares to 320 million will be adjusted for the split to reflect an adjusted goal of 640 million shares outstanding by October 2008. The new quarterly dividend rate of 25 cents a share is payable August 19 to shareholders as of July 22.
UPDATE at 6/8/05 11:07:21 am:
The Israel Defense Forces have found a way to block the tunnels Palestinians dig under the Gaza-Egypt border to smuggle in weapons by using a huge trench-digging machine, according to a military publication.
The 100-ton behemoth would dig deep channels along the border route Israel patrols, exposing the tunnels, the soldiers’ weekly “Bamahane” reports in its current edition.
The new trenching machine, made by U.S. company Trencor Inc., might provide at least an interim answer to the smuggling problem by neutralizing tunnels now in operation.