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Caterpillar (Caterpillar) 3-Year Dividend Growth Rate

: 6.70% (As of Dec. 2023)
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Caterpillar's Dividends per Share for the three months ended in Dec. 2023 was $1.30.

The historical rank and industry rank for Caterpillar's 3-Year Dividend Growth Rate or its related term are showing as below:

CAT' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -20.6   Med: 9.3   Max: 71
Current: 6.7

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Caterpillar was 71.00% per year. The lowest was -20.60% per year. And the median was 9.30% per year.

CAT's 3-Year Dividend Growth Rate is ranked worse than
61.36% of 88 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 10.75 vs CAT: 6.70

During the past 12 months, Caterpillar's average Dividends Per Share Growth Rate was 8.20% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 6.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 8.20% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 7.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Caterpillar's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.25. As of today, Caterpillar's Dividend Yield % is 1.42%.

Warning Sign:

Caterpillar Inc stock dividend yield is close to 10-year low.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the Farm & Heavy Construction Machinery subindustry, Caterpillar's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Caterpillar 3-Year Dividend Growth Rate Distribution

For the Farm & Heavy Construction Machinery industry and Industrials sector, Caterpillar's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Caterpillar's 3-Year Dividend Growth Rate falls into.



Caterpillar 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Caterpillar  (NYSE:CAT) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Caterpillar's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=1.3/ 5.23
=0.25

During the past 13 years, the highest Dividend Payout Ratio of Caterpillar was 0.90. The lowest was 0.24. And the median was 0.40.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Caterpillar Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 1.3002024-01-192024-01-222024-02-20Cash DividendquarterlyUSD:USD 1.000000
USD 1.3002023-10-202023-10-232023-11-20Cash DividendquarterlyUSD:USD 1.000000
USD 1.3002023-07-192023-07-202023-08-18Cash DividendquarterlyUSD:USD 1.000000
USD 1.2002023-04-212023-04-242023-05-19Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Caterpillar's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=5.1/359.88
=1.42 %

Current Share Price is $359.88.
Caterpillar's Dividends per Share for the trailing twelve months (TTM) ended in Today is $5.1.

During the past 13 years, the highest Dividend Yield of Caterpillar was 4.91%. The lowest was 1.32%. And the median was 2.44%.

Warning Sign:

Caterpillar Inc stock dividend yield is close to 10-year low.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Caterpillar 3-Year Dividend Growth Rate Related Terms>


Caterpillar (Caterpillar) Business Description

Address
5205 N. O'Connor Boulevard, Suite 100, Irving, TX, USA, 75039
Caterpillar is the premier manufacturer of heavy equipment, power solutions, and locomotives. It is currently the world's largest manufacturer of heavy equipment with over 13% market share in 2021. The company is divided into four reportable segments: construction industries, resource industries, energy and transportation, and Caterpillar Financial Services. Its products are available through a dealer network that covers the globe with about 2,700 branches maintained by 160 dealers. Caterpillar Financial Services provides retail financing for machinery and engines to its customers, in addition to wholesale financing for dealers, which increases the likelihood of Caterpillar product sales.
Executives
Anthony D. Fassino officer: Group President 510 LAKE COOK ROAD, SUITE 100, DEERFIELD IL 60015
Cheryl H Johnson officer: Chief Human Resources Officer 40 WESTMINSTER STREET, PROVIDENCE RI 02903
Joseph E Creed officer: Interim CFO 510 LAKE COOK ROAD, SUITE 100, DEERFIELD IL 60015
Denise C Johnson officer: Group President C/O CATERPILLAR, INCORPORATED, 901 WEST WASHINGTON, CV41110, EAST PEORIA IL 61630
Lange Bob De officer: Group President 510 LAKE COOK ROAD, SUITE 100, DEERFIELD IL 60015
Fish James C Jr director 800 CAPITOL STREET 3000, HOUSTON TX 77002
Judith Fran Marks director C/O HUBBELL INCORPORATED, 40 WATERVIEW DRIVE, SHELTON CT 06484
David Maclennan director 14701 CHARLSON ROAD, EDEN PRAIRIE MN 55347
Suzette M Long officer: Int. Executive Vice President 510 LAKE COOK ROAD, SUITE 100, DEERFILED IL 60015
Daniel M Dickinson director THAYER CAPITAL PARTNERS, 1455 PENNSYLVANIA AVENUE NW, STE 350, WASHINGTON DC 20004
William E Schaupp officer: Chief Accounting Officer PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Gary Michael Marvel officer: Chief Accounting Officer 510 LAKE COOK ROAD, SUITE 100, DEERFIELD IL 60015
Gerald Johnson director 300 RENAISSANCE CENTER, M/C: 482-C23-A68, DETROIT MI 48265
Ramin Younessi officer: Group President 510 LAKE COOK ROAD, SUITE 100, DEERFIELD IL 60015
William P Ainsworth officer: Group President 510 LAKE COOK ROAD, SUITE 100, DEERFIELD X1 60015