New Dividend: 52 cents quarterly (per share)
Dividend Percent Increase: 13%Current Yield: 2.42% Caterpillar (CAT - Get Report) weighs in as the biggest heavy equipment maker in the world, manufacturing the machines that help build infrastructure, move products and mine the earth. Caterpillar's heavy positioning in the construction business was a major headwind during the recession, but the industry is starting to heat back up now, especially as infrastructure demand in emerging markets ups the need for machinery and power systems. >>10 Century-Old Blue-Chip Stocks Still Earning Their Keep Like UTX, stair-step revenue growth in the last three years has put the firm in a solid position for a dividend hike. Also like UTX, Caterpillar's hike wasn't a big surprise. We looked at it as a potential increaser last month, and the firm announced its 6-cent dividend increase on Wednesday.