Caterpillar Inc. has announced an 8% increase in its quarterly dividend to $1.20 per share, continuing its streak of 28 consecutive years of dividend increases, even as its shares have dropped 9.4% year to date. The company is well-positioned for growth with improving demand in end markets and cost-control efforts, anticipating ME&T free cash flow of $4 billion to $8 billion this year. With an estimated long-term earnings growth rate of 12%, Caterpillar remains a compelling investment opportunity and is predicted to report an earnings per share of $2.99, marking a 15% increase.
“Caterpillar Inc. · is well-poised for · growth · improving demand in its end markets and cost-control efforts”
“Caterpillar · has a Zacks Rank · #3 · Hold”
“Caterpillar · has an estimated long-term earnings growth rate of · 12%”
“Caterpillar expects to deliver ME&T free cash flow · between · $4 billion and $8 billion · this year”
“Caterpillar hiked its quarterly dividend · by · 8% · to $1.20 per share”
“Caterpillar has paid higher dividends to shareholders · for · 28 straight years”
“Caterpillar's shares have fallen · 9.4% year to date · compared to the industry's decline of 10.9%”
“Caterpillar · is in the · Industrial Products sector”
“Caterpillar · has seen a price change of · -9.34%”
“Caterpillar · is paying out a dividend of · $1.11 per share”
“Caterpillar · has a dividend yield of · 2.37%”
“Caterpillar · has a current annualized dividend of · $4.44”