UPDATE 2-Caterpillar hikes dividend, gives details on services push

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.Caterpillar's main customers are in businesses like mining and construction, which are prone to wide swings with the business cycle.New Caterpillar machines are dotted with sensors that can warn when parts are about to fail.