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

The Dow Jones Industrial Average ( ^DJI) is trading up 14 points at 15,465 as of Wednesday, Jul 17, 2013, 10:35 a.m. ET. During this time, 163.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 594 million. The NYSE advances/declines ratio sits at 2,145 issues advancing vs. 672 declining with 120 unchanged.
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Thursday, July 18, 2013 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 60 cents per share. At a price of $88.38 as of 10:36 a.m. ET, the dividend yield is 2.7% compared to the average Dow component yield of 2.6%.

The average volume for Caterpillar has been 6.5 million shares per day over the past 30 days. Caterpillar has a market cap of $57.48 billion and is part of the industrial goods sector and industrial industry. Shares are down 1.6% year to date as of Tuesday'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 11.8, equal to the average industrial industry P/E ratio.
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TheStreet Ratings rates Caterpillar as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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