Caterpillar Inc. (CAT) Declares Quarterly Dividend of $0.60
Caterpillar (NYSE:CAT) declared a quarterly dividend on Wednesday, October 9th, AR Network reports. Shareholders of record on Monday, October 21st will be given a dividend of $0.60 per share on Wednesday, November 20th. This represents a $2.40 dividend on an annualized basis and a yield of 2.90%.
CAT has been the subject of a number of recent research reports. Analysts at Thomson Reuters/Verus downgraded shares of Caterpillar from a “hold” rating to a “sell” rating in a research note to investors on Monday. On a related note, analysts at TheStreet reiterated a “buy” rating on shares of Caterpillar in a research note to investors on Monday. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Caterpillar in a research note to investors on Tuesday, September 24th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $93.09.
Shares of Caterpillar (NYSE:CAT) traded up 0.47% on Wednesday, hitting $83.24. The stock had a trading volume of 1,814,069 shares. Caterpillar has a 52-week low of $79.49 and a 52-week high of $99.70. The stock’s 50-day moving average is $84.48 and its 200-day moving average is $84.84. The company has a market cap of $53.907 billion and a price-to-earnings ratio of 13.07.
Caterpillar (NYSE:CAT) last announced its earnings results on Wednesday, July 24th. The company reported $1.45 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.71 by $0.26. The company had revenue of $14.62 billion for the quarter, compared to the consensus estimate of $15.03 billion. During the same quarter last year, the company posted $2.54 earnings per share. Caterpillar’s revenue was down 15.8% compared to the same quarter last year. Analysts expect that Caterpillar will post $6.29 EPS for the current fiscal year.
Caterpillar Inc (NYSE:CAT) is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.
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