Caterpillar raises dividend by 8.1%

This is Caterpillar’s 28th straight year for increasing their dividend.

Caterpillar has restructured its business in recent years and reduced their manufacturing footprint by almost 30%. Streamlining their organization reduces costs and gives them a healthier cash flow. Caterpillar seems to be in a strong position to ride out any potential recession and maintain its dividend.

COMPANY NAME (SYM) has a current dividend yield of 0.00% and is rated as “RATING” by SimplySafeDividends. I hold SYM in my Medium Yield Portfolio. In total SYM is 0.0% of my portfolio.