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 December 10, 2014 - 10:49 AM EST
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CATERPILLAR INCORPORATED - Caterpillar Inc. Maintains Dividend Rate

Caterpillar Inc. Maintains Dividend Rate

PEORIA, Ill., Dec. 10, 2014 -- The Board of Directors of Caterpillar Inc.
(NYSE: CAT) voted today to maintain the quarterly cash dividend of seventy
cents ($0.70) per share of common stock, payable February 20, 2015, to
stockholders of record at the close of business on January 20, 2015.

"After reporting third-quarter profit improvement, strong cash flow for the
first nine months of the year and continued balance sheet strength, I am
pleased to announce we are maintaining Caterpillar's dividend," said
Caterpillar Chairman and CEO Doug Oberhelman. "For the full year, the $1.6
billion of dividends paid and $4.2 billion of stock repurchases make 2014 a
record year for return of capital - and clearly demonstrate our commitment to
deliver superior returns to stockholders."

Caterpillar has paid higher dividends to its stockholders for 21 consecutive
years, and since 1998, the company's cash dividend has more than quadrupled.
Including the announcement today, Caterpillar has paid a cash dividend every
year since the company was formed and has paid a quarterly dividend since 1933.

About Caterpillar:

For nearly 90 years, Caterpillar Inc. has been making sustainable progress
possible and driving positive change on every continent. Customers turn to
Caterpillar to help them develop infrastructure, energy and natural resource
assets. With 2013 sales and revenues of $55.656 billion, Caterpillar is the
world's leading manufacturer of construction and mining equipment, diesel and
natural gas engines, industrial gas turbines and diesel-electric locomotives.
The company principally operates through its three product segments-Resource
Industries, Construction Industries and Energy & Transportation-and also
provides financing and related services through its Financial Products segment.
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Forward-Looking Statements

Certain statements in this release relate to future events and expectations and
are forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Words such as "believe," "estimate," "will be,"
"will," "would," "expect," "anticipate," "plan," "project," "intend," "could,"
"should" or other similar words or expressions often identify forward-looking
statements. All statements other than statements of historical fact are
forward-looking statements, including, without limitation, statements regarding
our outlook, projections, forecasts or trend descriptions. These statements do
not guarantee future performance, and we do not undertake to update our
forward-looking statements.

Caterpillar's actual results may differ materially from those described or
implied in our forward-looking statements based on a number of factors,
including, but not limited to: (i) global economic conditions and economic
conditions in the industries we serve; (ii) government monetary or fiscal
policies and infrastructure spending; (iii) commodity price changes, component
price increases, fluctuations in demand for our products or significant
shortages of component products; (iv) disruptions or volatility in global
financial markets limiting our sources of liquidity or the liquidity of our
customers, dealers and suppliers; (v) political and economic risks, commercial
instability and events beyond our control in the countries in which we operate;
(vi) failure to maintain our credit ratings and potential resulting increases
to our cost of borrowing and adverse effects on our cost of funds, liquidity,
competitive position and access to capital markets; (vii) our Financial
Products segment's risks associated with the financial services industry;
(viii) changes in interest rates or market liquidity conditions; (ix) an
increase in delinquencies, repossessions or net losses of Cat Financial's
customers; (x) new regulations or changes in financial services regulations;
(xi) a failure to realize, or a delay in realizing, all of the anticipated
benefits of our acquisitions, joint ventures or divestitures; (xii)
international trade policies and their impact on demand for our products and
our competitive position; (xiii) our ability to develop, produce and market
quality products that meet our customers' needs; (xiv) the impact of the highly
competitive environment in which we operate on our sales and pricing; (xv)
failure to realize all of the anticipated benefits from initiatives to increase
our productivity, efficiency and cash flow and to reduce costs; (xvi)
additional restructuring costs or a failure to realize anticipated savings or
benefits from past or future cost reduction actions; (xvii) inventory
management decisions and sourcing practices of our dealers and our OEM
customers; (xviii) compliance with environmental laws and regulation; (xix)
alleged or actual violations of trade or anti-corruption laws and regulations;
(xx) additional tax expense or exposure; (xxi) currency fluctuations; (xxii)
our or Cat Financial's compliance with financial covenants; (xxiii) increased
pension plan funding obligations; (xxiv) union disputes or other employee
relations issues; (xxv) significant legal proceedings, claims, lawsuits or
investigations; (xxvi) compliance requirements imposed if additional carbon
emissions legislation and/or regulations are adopted; (xxvii) changes in
accounting standards; (xxviii) failure or breach of IT security; (xxix) adverse
effects of unexpected events including natural disasters; and (xxx) other
factors described in more detail under "Item 1A. Risk Factors" in our Form 10-K
filed with the SEC on February 18, 2014, for the year ended December 31, 2013,
and in our Form 10-Q filed with the SEC on August 1, 2014, for the quarter
ended June 30, 2014.

SOURCE Caterpillar Inc.

CONTACT: Rachel Potts, Global Government & Corporate Affairs, Office:
309-675-6892, Cell: 309-573-3444,

Source: PR Newswire (December 10, 2014 - 10:49 AM EST)

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