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+--- Thread: CAT (/showthread.php?tid=516)
CAT - rnsmth - 04-24-2014
Caterpillar
Global machinery giant Caterpillar earn $1.61 per share on an adjusted basis, which was much stronger than the $1.23 expected by analysts.
Management also raised earnings guidance.
I bought CAT in December and it is up 20%+ since then.
RE: CAT - Kerim - 04-27-2014
I've not spent much time looking at CAT. How do they stack up as a dividend growth prospect?
RE: CAT - rnsmth - 04-28-2014
Good question
I bought in early December after a poor quarterly report lowered the price, and got in with a 2.8% yield. With the current yield, 3.3%, they would not even be in the universe of stocks I would consider.
Their 3 year DGR is close to 10%, their 3 year in the mid 7% range. The most recent increase was 15%, from .52 to .60 a quarter.
A dividend increase announcement is due before too long as the May dividend will be the fourth one at .60.
It is a cyclical company and I do not consider it a core position, but that does. to mean I am looking to take profits on it. With an improving world economy CAT could do well over the next few years.