Caterpillar hikes dividend, gives details on services push

(Reuters) - Caterpillar Inc will issue a record dividend for the second quarter, up 20 percent from its previous payout, and plans to further increase returns to shareholders over the next four years, the company said on Thursday ahead of its investor day presentation.The heavy machinery maker also gave details that showed the scope of its plan to smooth out volatility in its earnings by selling more parts and services, saying that it intends to grow annual services revenue to $28 billion..