Caterpillar Inc. has announced a significant enhancement to its shareholder returns by authorizing an additional $20 billion for its share repurchase program and raising its quarterly dividend by 8% to $1.41. This move, which was approved by the company's Board of Directors, brings the total buyback program to $21.8 billion. The decision follows strong performance from Caterpillar's division known for its iconic yellow heavy-duty machinery. The company has a market cap of $888 million, an enterprise value of $633 million, 674.1 million shares outstanding, and 731.6 million fully diluted shares. The announcement has positively impacted Caterpillar's stock, which saw a 2% increase in morning trading.
Caterpillar hiked its quarterly dividend by 8% and added $20 billion to its share buyback program after seeing strong performance from its division best known for making iconic yellow heavy-duty machinery https://t.co/pczBBQpA3W
Caterpillar hiked its quarterly dividend by 8% and added $20 billion to its share buyback program after seeing strong performance from its division best known for making iconic yellow heavy-duty machinery https://t.co/c7bRaLaflc
Caterpillar boosts buyback by $20 bln, raises dividend https://t.co/t3T4glAIub https://t.co/3qpWGy2eb7
π΅ CATERPILLAR BOOSTS BUYBACK BY $20 BILLION, RAISES DIVIDEND Full Story β https://t.co/Tez3YjvzWQ Caterpillar has raised its quarterly dividend by 8% and its share repurchase authorization by $20 billion, the company said on Wednesday, sending its shares up 2% in morningβ¦
$CAT +1.28% after Caterpillar's Board of Directors authorizes the company to add $20B to its share repurchase program. CAT's buyback program now equals $21.8B.
Caterpillar $CAT has announced an additional buyback program worth $20 billion. Additionally, they have raised their dividend by 8% to $1.41.
$CATX Market Cap (M) $888 EV (M) $633 Shares Outstanding (M) 674.1 Fully Diluted Shares (M) 731.6 πππ https://t.co/wGbRlDtnLH