Caterpillar Inc. (CAT) to Distribute Quarterly Dividend of $1.63 on August 19th

Caterpillar Inc. (NYSE:CAT) declared a quarterly dividend on Wednesday, June 10th. Stockholders of record on Monday, July 20th will be paid a dividend of 1.63 per share by the industrial products company on Wednesday, August 19th. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, July 20th. This is a 7.9% increase from Caterpillar’s previous quarterly dividend of $1.51.

Caterpillar has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 30 years. Caterpillar has a dividend payout ratio of 30.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Caterpillar to earn $31.13 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 20.9%.

Caterpillar Price Performance

CAT opened at $881.26 on Friday. The company has a fifty day moving average price of $931.29 and a two-hundred day moving average price of $793.45. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.81 and a current ratio of 1.35. Caterpillar has a 52 week low of $405.46 and a 52 week high of $1,073.46. The firm has a market capitalization of $405.90 billion, a PE ratio of 43.87, a P/E/G ratio of 1.72 and a beta of 1.57.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $5.54 earnings per share for the quarter, beating analysts’ consensus estimates of $4.65 by $0.89. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.The company had revenue of $17.41 billion for the quarter, compared to the consensus estimate of $16.53 billion. During the same quarter in the prior year, the business posted $4.25 EPS. The firm’s quarterly revenue was up 22.2% on a year-over-year basis. As a group, analysts anticipate that Caterpillar will post 24.87 earnings per share for the current year.

About Caterpillar

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.