Innovative Technologies Power Caterpillar’s (CAT) Dividend Strength

Caterpillar Inc. (NYSE:CAT) is included among the 11 Innovative Dividend Stocks to Buy Now.

Innovative Technologies Power Caterpillar’s (CAT) Dividend Strength

Caterpillar Inc. (NYSE:CAT) is an American company known for its expertise in construction, mining, and various types of engineering equipment. In the early 1900s, it introduced the first practical track-type tractor, also known as a crawler, which revolutionized the construction and earthmoving industry by providing better traction and easier handling on rough surfaces.

Caterpillar Inc. (NYSE:CAT)’s widespread global footprint gives it a solid advantage as international infrastructure spending continues to rise. With growing demand for construction equipment around the world and potential benefits from shifting geopolitical dynamics, the company presents a compelling opportunity for investors interested in both income and long-term growth. Its efficient operations, consistent dividend increases, and strong global positioning make it a top pick for those seeking a reliable and forward-looking industrial investment.

Caterpillar Inc. (NYSE:CAT) raised its quarterly dividend by 7% in June. This was the company’s 31st consecutive year of dividend growth. It now pays a quarterly dividend of $1.51 per share for a dividend yield of 1.40%, as of July 28.

While we acknowledge the potential of CAT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CAT and that has 100x upside potential, check out our report about this cheapest AI stock.

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