CAT has been on a run lately. I’m glad I was able to add to my position at a better price. I still plan on having a half position of CAT to compliment a half position in DE.
Caterpillar announced yesterday a quarterly dividend increase of $0.10 from $0.60 to $0.70 per share that’s payable August 20, 2014 to holders of record as of July 21, 2014. This latest increase was 17%!
CAT has paid higher dividends consectuively for 20 years and the dividend has more than tripled since 1998!
Since I own 62.18 shares, this will increase my yearly dividends by $42.28. This is the 23rd stock in my portfolio to increase their dividend this year.
You can find all of my dividend increase announcements here.