Caterpillar Raises Its Dividend by 8%

By Parkev Tatevosian, CFA – Jun 18, 2023 at 7:02AM

NYSE: CAT

Caterpillar

Market Cap

$171B

Today's Change

(1.59%) $5.38

Current Price

$343.38

Price as of April 26, 2024, 4:00 p.m. ET

Caterpillar's excellent profitability gave it the confidence to raise dividends again.

Fool.com contributor and finance professor Parkev Tatevosian looks at Caterpillar's (CAT 1.59%) latest announcement of a dividend increase and what it could mean for investors.

*Stock prices used were the afternoon prices of June 15, 2023. The video was published on June 17, 2023.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

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