Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link. The Dow Jones Industrial Average ( ^DJI) is trading up 34 points (+0.2%) at 17,094 as of Wednesday, Jul 16, 2014, 10:36 a.m. ET. During this time, 125.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 299.9 million. The NYSE advances/declines ratio sits at 1,438 issues advancing vs. 1,388 declining with 236 unchanged.
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Thursday, July 17, 2014 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 70 cents per share. At a price of $110.79 as of 10:36 a.m. ET, the dividend yield is 2.5% compared to the average Dow component yield of 2.6%.
The average volume for Caterpillar has been 3.6 million shares per day over the past 30 days. Caterpillar has a market cap of $68.86 billion and is part of the industrial goods sector and industrial industry. Shares are up 21% 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 18.7, equal to the average industrial industry P/E ratio.
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