Another dividend increase in the books!
Caterpillar Inc. (CAT) just declared $0.78 quarterly dividend. This is an increase of 1.3% from $0.77.
I own 29 shares, so this will increase my annual dividend income by $1.16 to $3,687.06
I am happy with my holding of CAT and do not plan to add more shares anytime soon unless there is a big drop in price.
CAT did not increase their dividend last year and the year before it was increased by 10% and three years ago 16.7%.
I find the stock to be Overvalued and I would not recommend anyone to buy at this time.
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Do you own CAT? Happy about the dividend increase?
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