Caterpillar (CAT, Financial) is the leader in construction equipment manufacturing. The company has a market cap of $56 billion, significantly higher than rival Deere & Company (DE, Financial) which has a market cap of $32 billion. Caterpillar is not only a member of the Dow Jones Index, the company is also a member of the Dividend Achievers Index. Dividend Achievers are stocks that have increased their dividend payments for 10 or more consecutive years.
Caterpillar has been paying dividends since 1925. The company has not reduced its dividend payments since 1982, giving it 32 consecutive years of dividend payments without a reduction and qualifying it for potential investment using The 8 Rules of Dividend Investing. This article will analyze Caterpillar for dividend growth investors.
Business overview and current events
Caterpillar divides its operations into five primary segments: Construction Industries, Resource Industries, Energy & Transportation, Other, and Financial Products. Each segment
