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Caterpillar's (CAT -0.3%) news that it will be raising its quarterly dividend by 15.4% failed to...

Caterpillar's (CAT -0.3%) news that it will be raising its quarterly dividend by 15.4% failed to impress shareholders today, ticking lower since the open. The weakness is surprising given the fact that the hike was above last year's 13% increase and the 4.5% bump the year prior. It also moves the dividend yield to an impressive 2.9%, which is above those of its competitors Deere (DE -0.9%) at 2.4%, Cummins (CMI -0.8%) at 1.7% and Joy Global (JOY +0.2%) at 1.3%.
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Comments (1)
  • akmetz32
    , contributor
    Comments (27) | Send Message
     
    CAT and BBL are starting to look attractive at these prices, the ~$83 question is, how low will it go?
    12 Jun 2013, 02:18 PM Reply Like
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