Caterpillar Inc. (NYSE:CAT) to Issue Quarterly Dividend of $1.63

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

Caterpillar has increased its dividend 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 30.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Caterpillar to earn $33.18 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 Price Performance

Shares of NYSE CAT traded down $25.60 during midday trading on Wednesday, reaching $747.18. The company’s stock had a trading volume of 3,350,930 shares, compared to its average volume of 2,817,167. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. The company has a 50 day moving average price of $819.49 and a 200 day moving average price of $855.64. Caterpillar has a one year low of $510.21 and a one year high of $1,073.46. The company has a market cap of $343.46 billion, a price-to-earnings ratio of 32.15, a price-to-earnings-growth ratio of 1.38 and a beta of 1.58.

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

Trending Headlines about Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Oppenheimer lowered its Caterpillar price target to $1,009 from $1,118 but maintained an “outperform” rating. The revised target still implies substantial upside from recent levels, signaling that the firm views the pullback as excessive. Oppenheimer Caterpillar price-target report
• Positive Sentiment: Caterpillar maintained its quarterly dividend at $1.63 per share, payable Nov. 19 to shareholders of record Oct. 26. The company has paid annual cash dividends since its founding and quarterly dividends since 1933, supporting its income-investment appeal. Caterpillar Maintains Dividend
• Positive Sentiment: Commentary points to potential longer-term support from Caterpillar’s planned $1 billion North Carolina manufacturing investment, the Fabick CAT acquisition, infrastructure spending and data-center construction demand. Caterpillar Stock May Be Undervalued
• Neutral Sentiment: Caterpillar is receiving unusually high investor attention, but the Zacks coverage does not identify a new fundamental catalyst. Its latest reported quarter showed strong momentum, with revenue up 23.7% year over year and earnings well above expectations.
• Negative Sentiment: Oppenheimer’s target reduction, along with recent target cuts from Citi and Truist, is reinforcing concerns that expectations had become too elevated after CAT’s powerful rally.
• Negative Sentiment: The market is questioning whether the premium assigned to Caterpillar’s data-center power business can persist. Analysts also warn that dealer restocking and project-related demand may slow, challenging earnings growth for a cyclical equipment maker valued at a substantial premium to the broader market. Caterpillar Data Center Premium Report
• Negative Sentiment: Erste Group modestly reduced its FY2027 EPS estimate to $32.14 from $32.28 and maintained a “hold” rating, adding to the cautious analyst tone.

About Caterpillar

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.