Caterpillar Inc. (CAT) to Issue Quarterly Dividend of $1.63 on November 19th

Caterpillar Inc. (NYSE:CAT) declared a quarterly dividend on Wednesday, October 14th. Stockholders of record on Monday, October 26th will be given a dividend of $1.63 per share by the industrial products company on Thursday, November 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Monday, October 26th.

Caterpillar has raised its dividend by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 30 consecutive years. Caterpillar has a payout ratio of 30.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Caterpillar to earn $33.17 per share next year, which means the company should continue to be able to cover its $6.52 annual dividend with an expected future payout ratio of 19.7%.

Caterpillar Stock Performance

NYSE:CAT opened at $736.33 on Friday. The stock has a market capitalization of $338.47 billion, a P/E ratio of 31.68, a price-to-earnings-growth ratio of 1.29 and a beta of 1.58. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. Caterpillar has a 1 year low of $510.21 and a 1 year high of $1,073.46. The firm has a 50 day moving average of $814.53 and a 200-day moving average of $856.25.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, topping analysts’ consensus estimates of $6.22 by $1.95. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%. The business had revenue of $20.54 billion for the quarter, compared to analyst estimates of $19.34 billion. During the same period in the prior year, the company earned $4.72 EPS. Caterpillar’s revenue for the quarter was up 23.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Caterpillar will post 27.49 EPS for the current fiscal year.

Caterpillar Company Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Its products are used in infrastructure development, construction, mining, energy production, transportation, agriculture, forestry, and other industrial applications.

The company markets equipment and related services through a worldwide network of independent dealers. Its operations are generally organized around Construction Industries, Resource Industries, and Energy & Transportation.