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TheStreet Wire

Caterpillar Stock To Go Ex-dividend Tomorrow (CAT)

By TheStreet Wire 12/19/12 - 01:28 PM EST

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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK (TheStreet) -- The ex-dividend date for Caterpillar (NYSE:CAT) is tomorrow, December 20, 2012. Owners of shares as of market close today will be eligible for a dividend of 52 cents per share. At a price of $91.64 as of 1:07 p.m. ET, the dividend yield is 2.3%.

The average volume for Caterpillar has been 6.8 million shares per day over the past 30 days. Caterpillar has a market cap of $58.62 billion and is part of the conglomerates sector and conglomerates industry. Shares are down 1.1% year to date as of the close of trading on Tuesday.

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 9.2, below the S&P 500 P/E ratio of 17.7.

EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

TheStreet Ratings rates Caterpillar as a buy. The company's strengths can be seen in multiple areas, such as its 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 high debt management risk by most measures that we evaluated. You can view the full Caterpillar Ratings Report.

See our dividend calendar or top-yielding stocks list.

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