Caterpillar, Inc. (NYSE:CAT) will begin trading ex-dividend on July 17, 2020. The quarterly dividend payment of $ 1.03 per share is scheduled to be paid on August 20, 2020. Shareholders who purchased CAT prior to the ex-dividend date are eligible for the cash dividend payment.
Recent Earnings Announcement
Caterpillar, Inc. posted income for the first quarter of $ 1.60 per share, from the revenue of $ 10,635.00 million. The quarterly earnings reduced 45.58 percent while revenues lowered 21.02 percent compared with the same quarter last year.
According to street consensus, CAT was expected to report 1Q20 income of $ 1.68 per share from revenue of $ 10915.90 million. The bottom line results missed street analysts by $ 0.08 or 4.76 percent, at the same time, top line results fell short of analysts by $ 280.9 million or 2.57 percent.
Stock Performance
According to the previous trading day, closing price of CAT was $ 138.56, representing a 58.35 % increase from the 52 week low of $ 87.50 and a 7.96 % decrease over the 52 week high of $ 150.55.
The company has a market capital of $ 74.99 billion and is part of the Industrials sector and Farm & Construction Equipment industry.
Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. Its Construction Industries segment offers asphalt pavers, compactors, cold planers, feller bunchers, harvesters, motorgraders, pipelayers, road reclaimers, skidders, telehandlers, and utility vehicles; backhoe, knuckleboom, compact track, multi-terrain, skid steer, and track-type loaders; forestry and wheel excavators; and site prep and track-type tractors.
