Caterpillar Inc dividend – Caterpillar to Pay Quarterly Dividend of $1.30 on August 18th.
July 19, 2023
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It is also a leader in providing a wide range of technology-based solutions and services to its customers, and is a respected brand in the global business community. On Wednesday, June 14th, Caterpillar Inc ($NYSE:CAT). declared that they will be issuing a quarterly dividend of $1.30 on August 18th, according to RTT News. This move comes as CAT continues to invest in its long-term growth and reward its shareholders. It also shows the company’s commitment to rewarding investors for their loyalty and trust.
Investors who have held the stock for at least three months before August 18th will be eligible for the dividend payment. With this dividend, Caterpillar is once again showing that it is an industry leader in providing returns to its investors.
Dividends – Caterpillar Inc dividend
This is the fourth consecutive year that the company has paid a dividend, following the $4.71, $4.62, and $4.28 dividends issued in the last three years. This current dividend yield of 2.19% is higher than the average dividend yield of 2.15% over the past three years. Moreover, the dividend yield for 2021 and 2022 is projected to be 2.22% and 2.05% respectively. This makes CATERPILLAR INC an attractive option for those looking to invest in dividend stocks.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Caterpillar Inc. More…
| Total Revenues | Net Income | Net Margin |
| 61.7k | 7.11k | 12.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Caterpillar Inc. More…
| Operations | Investing | Financing |
| 9.03k | -1.91k | -6.67k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Caterpillar Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 83.65k | 65.48k | 30.73 |
Key Ratios Snapshot
Some of the financial key ratios for Caterpillar Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.6% | 9.0% | 16.0% |
| FCF Margin | ROE | ROA |
| 10.3% | 36.2% | 7.4% |
Share Price
This dividend comes as the stock opened at $254.3 and closed at $257.5, up by 0.7% from last closing price of 255.6. This dividend is indicative of the company’s strong financial position and their commitment to returning value to their shareholders. Live Quote…
Analysis
GoodWhale is a great tool to help you analyze CATERPILLAR INC’s financials. After a thorough review of the company’s financial and business performance, our Risk Rating system has determined that CATERPILLAR INC is a low risk investment. However, GoodWhale detected two risk warnings in the company’s income sheet and balance sheet that may be worth further investigation. To get a closer look at the warnings, we recommend registering on GoodWhale.com. Our comprehensive system provides investors with the data and insights they need to make informed decisions when considering investing in CATERPILLAR INC. More…
Peers
Caterpillar Inc. is one of the world’s largest manufacturers of construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. The company operates in more than 500 locations across six continents. Caterpillar’s products are used in a variety of industries, including construction, mining, forestry, and energy. The company competes with a number of other manufacturers, including CNH Industrial NV, Deere & Co, AGCO Corp, and others.
– CNH Industrial NV ($NYSE:CNHI)
CNH Industrial N.V. is a holding company, which engages in the manufacture of agricultural and construction equipment, trucks, commercial vehicles, buses, and specialty vehicles. It operates through the following segments: Agricultural Equipment, Construction Equipment, Commercial Vehicles, Powertrain, and Financial Services. The Agricultural Equipment segment produces and sells agricultural tractors, combines, haytools, sprayers, forage harvesters, implements and related replacement parts. The Construction Equipment segment manufactures and sells backhoe loaders, small and medium tracked excavators, wheeled excavators, skid steer loaders, compact track loaders, wheel loaders, telehandlers, dumpers, motor graders, soil and asphalt compactors, and other equipment. The Commercial Vehicles segment produces and sells light, medium, and heavy-duty trucks under the Iveco brand. The Powertrain segment manufactures and sells engines, transmissions, axles, and components. The Financial Services segment offers wholesale and retail financing products to customers and dealers to purchase equipment. The company was founded on November 12, 2012 and is headquartered in London, the United Kingdom.
– Deere & Co ($NYSE:DE)
As of 2022, Deere & Co has a market cap of 112.07B and a Return on Equity of 25.53%. The company is engaged in the manufacturing and distribution of equipment used in agricultural, construction, forestry, and turf care.
– AGCO Corp ($NYSE:AGCO)
AGCO Corp is a publicly traded company that manufactures and sells agricultural equipment and related products. As of 2022, the company had a market capitalization of 8.31 billion dollars and a return on equity of 16.62%. The company’s products include tractors, combines, hay tools, sprayers, forage equipment, and more. AGCO Corp is headquartered in Duluth, Georgia, and has operations in North America, Europe, South America, and Asia.
Summary
Caterpillar Inc.’s quarterly dividend of $1.30 per share will be paid out on August 18th. For investors, this is a positive sign and should inspire confidence in the company’s long-term prospects. With a strong balance sheet and steady cash flow, Caterpillar Inc. is well positioned to continue to deliver value to its shareholders.
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