Caterpillar Raises Quarterly Cash Dividend Amid Strong Demand

Caterpillar Inc (NYSE:CAT) is set to raise its quarterly cash dividend for owners of record today. The increased distribution continues a long-standing trend of steady dividend growth, which has earned Caterpillar a place among the ranks of large US industrials with a strong track record of annual dividend increases.

The company's yellow machines are a familiar sight on construction sites around the world, and its broad catalog lets it serve customers from small contractors to the largest builders. The construction end market remains a key driver for Caterpillar, with public spending on infrastructure providing a floor under demand for construction machinery.

Caterpillar also supplies mining equipment to resource producers, including giant haul trucks, shovels, and support equipment. As demand for wiring, batteries, and grid buildouts pushes miners to increase output, the appetite for large mining equipment tends to firm up.