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

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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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