Caterpillar, Inc. (NYSE:CAT) announced a quarterly dividend on Wednesday, October 11th, RTT News reports. Shareholders of record on Monday, October 23rd will be given a dividend of 0.78 per share by the industrial products company on Monday, November 20th. This represents a $3.12 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Friday, October 20th.

Caterpillar has increased its dividend payment by an average of 21.4% annually over the last three years and has increased its dividend every year for the last 7 years. Caterpillar has a payout ratio of 59.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Caterpillar to earn $6.74 per share next year, which means the company should continue to be able to cover its $3.12 annual dividend with an expected future payout ratio of 46.3%.

Shares of Caterpillar (NYSE CAT) opened at 131.29 on Thursday. The stock’s 50 day moving average is $123.98 and its 200-day moving average is $110.24. The firm has a market cap of $77.59 billion, a P/E ratio of 733.46 and a beta of 1.26. Caterpillar has a one year low of $80.33 and a one year high of $131.65.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.23. The business had revenue of $11.33 billion during the quarter, compared to analyst estimates of $10.96 billion. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. The company’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.09 earnings per share. Analysts anticipate that Caterpillar will post $5.28 EPS for the current fiscal year.

In other news, insider Suzette M. Long sold 13,859 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $114.30, for a total value of $1,584,083.70. Following the completion of the sale, the insider now owns 18,188 shares of the company’s stock, valued at $2,078,888.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bradley M. Halverson sold 182,612 shares of the stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $114.05, for a total transaction of $20,826,898.60. The disclosure for this sale can be found here. Insiders sold 201,471 shares of company stock valued at $22,979,332 in the last three months. Company insiders own 0.14% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Caterpillar, Inc. (CAT) To Go Ex-Dividend on October 20th” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another publication, it was copied illegally and republished in violation of United States and international copyright & trademark laws. The original version of this story can be accessed at https://www.thecerbatgem.com/2017/10/19/caterpillar-inc-cat-to-go-ex-dividend-on-october-20th.html.

A number of equities analysts have recently weighed in on CAT shares. Vetr lowered shares of Caterpillar from a “buy” rating to a “hold” rating and set a $122.53 price objective for the company. in a research report on Monday, September 4th. Jefferies Group LLC reissued a “hold” rating and issued a $100.00 price objective on shares of Caterpillar in a research report on Tuesday, August 29th. Royal Bank Of Canada reissued a “hold” rating on shares of Caterpillar in a research report on Tuesday, August 29th. UBS AG raised shares of Caterpillar from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $116.00 to $140.00 in a research report on Monday, September 18th. Finally, BMO Capital Markets boosted their price objective on shares of Caterpillar from $130.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday, September 14th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $119.82.

Caterpillar Company Profile

Dividend History for Caterpillar (NYSE:CAT)

Receive News & Stock Ratings for Caterpillar Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar Inc. and related stocks with our FREE daily email newsletter.