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Caterpillar Hikes Quarterly Dividend 13%

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Description
FBN’s Robert Gray on Caterpillar’s decision to raise its quarterly dividend.
Duration 0:57
Date Jun 13, 2012

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I'm Robert -- -- you're.

Fox Business brief another volatile day on Wall Street.

-- Jones adding fuel to concerns over the European debt crisis the credit ratings firm has just cut Spain's credit rating.

For a second time in less than a month.

Right now the Dow is down 96 points red arrows across the board.

-- the biggest drags on the Dow is Caterpillar investor concern ever growth trumping the company's 13% quarterly dividend boost.

Shareholders will now receive a cash -- of 52 cents per share.

The company's paid a dividend every year since 1925.

And Wall Street's revenue from global mergers and acquisition activity down 22%.

-- so far this year over the last year in the same timeframe.

That's according to deal logic and the backlog of future revenue from deal making has declined to its lowest year to date level since 2005.

Concerns over the European debt crisis and the US economic recovery weighing on the.