The Peoria, Ill based Caterpillar Inc (NYSE:CAT) reported on Wednesday that its board has supported a 13% boost in the quarterly cash dividend. The world’s biggest maker of construction and mining equipment company marked the major percentage boost in the dividend since the financial crisis of 2008.
The board of Caterpillar decided to lift the quarterly cash dividend by 6 cents to 52 cents a share. The company reported that the dividend would be payable on Aug 20 to stockholders and record at the finish of business on July 20.
The company marked the major boost since its board boosted the quarterly dividend by 16.7% to 42 cents a share from 36 cents a share in August 2008.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Deere & Company (NYSE:DE) fell -1.07% to settle at $73.27, CNH Global NV (ADR) (NYSE:CNH) moved down -1.57% to end at $36.92 while Astec Industries, Inc (NASDAQ:ASTE) plunged -0.29% to finish on Wednesday at $27.54.
Caterpillar Inc (NYSE:CAT) began the last trading session with a price of $86.25 and throughout the session climbed at a high of $87.00 but when day-trade ended the stock finally declined -2.02% to $85.29.
CAT had a trade volume of 8.31 million shares was higher as compared to average trading capacity of 7.29 million shares.
The stock is ahead its 52 week low with +28.08% and lagging behind from its 52 week high price with -26.76%. CAT last month stock price volatility remained 2.94%. In its share capital CAT has 652.50 million outstanding shares among them 645.98 million shares have been floated in market exchange. CAT stock institutional ownership remained 65.85% while insider ownership included 0.21%.
Shares price of CAT moved down from its 20 days moving average with -3.88% and remote negatively from 50 days moving average with -12.27%. CAT current year earnings per share experienced an addition with +78.22% while its current quarter performance remained -23.71%. Company’s beta coefficient included 1.86. Beta factors measures the amount of market risk associated with market trade.
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