Caterpillar declares $1.20/share quarterly dividend, in line with previous

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Caterpillar Inc. is a leading manufacturer of construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. The company declared a $1.20/share quarterly dividend, which is in line with its previous dividend. The dividend is payable on Nov. 18 to shareholders of record Oct. 24, and the ex-dividend date is Oct. 21. CAT’s dividend yield is 2.66%.

The company has a long history of paying dividends, and its strong cash flow and profitability provide it with the ability to continue paying regular dividends in the future. Caterpillar’s dividend is a good income source for investors seeking stability and a reasonable yield.

Dividends

Caterpillar Inc Stock Intrinsic Value – Caterpillar Inc ($NYSE:CAT). has a long history of paying dividends, and its dividend yields from 2020 to 2022 are 2.9%, 2.05%, and 2.1%. Its three-year average dividend yield is 2.35%.

If you are looking for dividend stocks, Caterpillar Inc. could be a good option. The company has a strong history of paying dividends, and its dividend yields are competitive with other stocks in the market.

Market Price

On Wednesday, shares of Caterpillar Inc. opened at $179.50 and closed at $179.50, slightly down from the previous day’s close of $179.80. Caterpillar is a leading manufacturer of construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. Caterpillar shares have been under pressure in recent months due to concerns about the global economy and trade tensions. However, the company’s strong financial position and dividend yield make it an attractive investment for income-seeking investors.

VI Analysis – Caterpillar Inc Stock Intrinsic Value

It is one of the largest firms in the world for heavy equipment. The company also operates a financial services division. The company’s long-term potential is reflected in its fundamentals, which are made simple by the VI app.

The fair value of Caterpillar Inc. shares is around $201.3, calculated by VI Line. Caterpillar Inc. shares are currently traded at $179.5, a fair price that is undervalued by 11%.

VI Peers

Caterpillar Inc. is a publicly traded company that operates in the construction and mining equipment industry. Headquartered in Deerfield, Illinois, United States, Caterpillar Inc. has a rich history dating back to 1925. The company sells its products and services through a large network of dealers and distributors in more than 190 countries. Caterpillar Inc. is a global leader in the construction and mining equipment industry and competes with other companies such as CNH Industrial NV, Deere & Co, AGCO Corp.

– CNH Industrial NV ($NYSE:CNHI)

CNH Industrial NV is a leading industrial company that manufactures and sells a range of construction, agricultural, and commercial equipment. The company has a market cap of 16.28B as of 2022 and a return on equity of 29.84%. CNH Industrial’s products are used in a variety of industries, including construction, agriculture, mining, and forestry. The company has a strong presence in Europe, North America, and South America.

– Deere & Co ($NYSE:DE)

Deere & Co is a leading manufacturer of agricultural and construction equipment. The company has a market cap of 107.79B as of 2022 and a return on equity of 25.53%. Deere & Co is a well-respected company with a strong history of providing quality products and services. The company’s products are used by farmers, construction workers, and others around the world. Deere & Co is a publicly traded company listed on the New York Stock Exchange.

– AGCO Corp ($NYSE:AGCO)

AGCO is a global leader in the design, manufacture and distribution of agricultural machinery and equipment. The company offers a full product line including tractors, combines, hay tools, sprayers, forage equipment, and implements. AGCO also provides related replacement parts and service through more than 3,150 dealers and distributors in more than 140 countries worldwide. AGCO’s products are sold under the core brands of Challenger®, Fendt®, GSI®, Massey Ferguson® and Valtra®.

Summary

Payable date: December 31 Caterpillar Inc. has declared a quarterly dividend of $1.20 per share, which is in line with its previous dividend. The dividend will be payable on December 31.