Caterpillar Inc. (NYSE:CAT) Declares Quarterly Dividend of $1.51

by · The Cerbat Gem

Caterpillar Inc. (NYSE:CAT – Get Free Report) announced a quarterly dividend on Wednesday, December 10th. Shareholders of record on Tuesday, January 20th will be paid a dividend of 1.51 per share by the industrial products company on Thursday, February 19th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Tuesday, January 20th.

Caterpillar has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 30 consecutive years. Caterpillar has a dividend payout ratio of 28.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Caterpillar to earn $22.11 per share next year, which means the company should continue to be able to cover its $6.04 annual dividend with an expected future payout ratio of 27.3%.

Caterpillar Stock Up 3.4%

Shares of NYSE CAT traded up $20.44 during trading on Wednesday, hitting $614.80. 2,764,244 shares of the company traded hands, compared to its average volume of 2,763,760. The firm has a market capitalization of $287.71 billion, a price-to-earnings ratio of 31.56, a P/E/G ratio of 2.81 and a beta of 1.57. The business’s fifty day moving average is $547.27 and its 200 day moving average is $456.77. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.86 and a current ratio of 1.38. Caterpillar has a fifty-two week low of $267.30 and a fifty-two week high of $617.23.

Caterpillar (NYSE:CAT – Get Free Report) last released its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $4.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.52 by $0.43. Caterpillar had a return on equity of 47.16% and a net margin of 14.34%.The business had revenue of $17.64 billion during the quarter, compared to the consensus estimate of $16.72 billion. During the same quarter in the previous year, the business earned $5.17 EPS. The company’s quarterly revenue was up 9.5% on a year-over-year basis. Equities research analysts predict that Caterpillar will post 19.86 earnings per share for the current fiscal year.

About Caterpillar

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Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.

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