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TheStreet Wire

Dow Component Caterpillar (CAT) To Go Ex-dividend Tomorrow

By TheStreet Wire 07/17/12 - 11:00 AM EDT

Find out if (CAT) is in Cramer's Portfolio.

The Dow Jones Industrial Average (^DJI) is trading down 69.0 points (-0.5%) at 12,658 as of Tuesday, Jul 17, 2012, 10:35 a.m. ET. During this time, 147.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 684.2 million. The NYSE advances/declines ratio sits at 928 issues advancing vs. 1,926 declining with 129 unchanged.

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Wednesday, July 18, 2012 is the ex-dividend date for Dow component Caterpillar (NYSE:CAT). Owners of shares as of market close today will be eligible for a dividend of 52 cents per share. At a price of $80.54 as of 10:35 a.m. ET, the dividend yield is 2.5% compared to the average Dow component yield of 2.8%.

See our dividend calendar or top-yielding stocks list.

The average volume for Caterpillar has been 7.2 million shares per day over the past 30 days. Caterpillar has a market cap of $53.55 billion and is part of the conglomerates sector and conglomerates industry. Shares are down 9.4% year to date as of Monday's close.

Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. The company has a P/E ratio of 10.3, equal to the average conglomerates industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Caterpillar as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.

You can view the full Caterpillar Ratings Report.

For more information on Caterpillar Inc click any of the following:

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