Caterpillar Stock To Go Ex-dividend Tomorrow (CAT)

NEW YORK ( TheStreet) -- The ex-dividend date for Caterpillar (NYSE: CAT) is tomorrow, April 19, 2012. Owners of shares as of market close today will be eligible for a dividend of 46 cents per share. At a price of $107.98 as of 9:30 a.m. ET, the dividend yield is 1.7%.

The average volume for Caterpillar has been 6.8 million shares per day over the past 30 days. Caterpillar has a market cap of $67.07 billion and is part of the conglomerates sector and conglomerates industry. Shares are up 17.8% 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 14.4, above the average conglomerates industry P/E ratio of 14 and below the S&P 500 P/E ratio of 17.7.

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.

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