LONDON, UK / ACCESSWIRE / October 19, 2017 / Pro-Trader Daily takes a closer look at Caterpillar Inc. (NYSE: CAT) as the Company's stock will begin trading ex-dividend on October 20, 2017. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on October 19, 2017. Are you looking for research on dividend stocks, if so register with us now for your free membership at:

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Dividend Declared

On October 11, 2017, Caterpillar's Board of Directors voted to maintain the quarterly cash dividend of $0.78 per share of common stock, payable November 20, 2017, to shareholders of record at the close of business on October 23, 2017.

Caterpillar's indicated dividend represents a yield of 2.37%, which is more than double compared to the average dividend yield for Industrial Goods sector of 1.17%. Upon payment of this dividend, Caterpillar will have paid higher dividends to its shareholders for 24 consecutive years. The Company's cash dividend has more than doubled since 2007. Caterpillar has paid a cash dividend every year since the Company was formed and has paid a quarterly dividend since 1933.

Dividend Insights

Caterpillar has a dividend payout ratio of 59.3%, which means that the Company distributes approximately $0.59 for every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, Caterpillar is estimated to report earnings of $6.67 for the next year, which is more than double the Company's annualized dividend of $3.12 per share.

As of June 30, 2017, Caterpillar's cash and cash equivalents totaled $10.23 billion compared to cash of $7.17 billion on December 31, 2016. Net cash provided by the Company's operating activities totaled $3.92 million for the six months ended June 30, 2017, compared to operating cash flow of $2.80 billion for the year-ago same period. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

Recent Development for Caterpillar

On October 10, 2017, Caterpillar announced that it will release its Q3 2017 financial results at 6:30 a.m. CDT on October 24, 2017. A real-time, listen-only teleconference and webcast of the third quarter results call conducted by Caterpillar with security analysts and institutional investors will begin at 10 a.m. CDT on October 24, 2017.

About Caterpillar

With 2016 sales and revenues of $38.537 billion, Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. The Company principally operates through its three product segments - Construction Industries, Resource Industries, and Energy & Transportation - and provides financing and related services through its Financial Products segment. The Company was founded in 1925 and is headquartered in Peoria, Illinois. The company was formerly known as Caterpillar Tractor Co. and changed its name to Caterpillar Inc. in 1986.

Stock Performance

Caterpillar's share price finished yesterday's trading session at $131.29, slightly up 0.57%. A total volume of 2.51 million shares have exchanged hands. The Company's stock price skyrocketed 22.34% in the last three months, 38.70% in the past six months, and 50.53% in the previous twelve months. Additionally, the stock soared 41.57% since the start of the year. Shares of the Company have a PE ratio of 863.75 and have a dividend yield of 2.38%. The stock currently has a market cap of $77.49 billion.

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