Caterpillar (CAT) Boosts Share Buyback Plan, Raises Dividend
Caterpillar(CAT) ZACKS·2024-06-14 00:37
Caterpillar’s (CAT) board of directors has approved an 8% hike in the quarterly dividend, raising the payout to 1.30, to boost shareholder value. This reflects a dividend yield of 1.72%, outpacing the industry’s average of 1.59% and the S&P 500’s 1.37%, based on the stock’s closing price of 20 billion to its existing share repurchase authorization, which was launched in 2022 with no expiration date. This entitles Caterpillar to repurchase up ...