Caterpillar Stock Price, News & Analysis

The Board of Directors of Caterpillar raised its quarterly cash dividend by 8%, increasing it by nine cents to $1.20 per share. This will be payable on August 19, 2022, to shareholders of record by the close of business on July 20, 2022. Caterpillar's strong balance sheet and free cash flow generation support this decision, according to Chairman and CEO Jim Umpleby. The company has a history of consistent dividends, paying higher annual dividends for 28 consecutive years and being part of the S&P 500 Dividend Aristocrat Index.

Caterpillar Inc. (NYSE: CAT) announced a three-year hydrogen-fueled combined heat and power (CHP) demonstration project in partnership with District Energy St. Paul, supported by the U.S. Department of Energy. The project will assess hydrogen fuel options for existing energy-efficient engines, integrating with local infrastructure to enhance heat and electricity efficiency. Caterpillar, leveraging 35 years of experience, aims to help customers achieve climate goals. The company reported $51.0 billion in sales for 2021, showcasing a commitment to sustainable energy solutions.

Caterpillar Inc. (NYSE: CAT) has announced a multi-year sponsorship with Major League Soccer (MLS), targeting a diverse audience in the U.S. and Canada. This partnership aims to amplify the Caterpillar brand among the league's millennial and multicultural fanbase. MLS is the fastest-growing sports league in North America, featuring a youthful player pool from over 82 countries. The collaboration will include integrating Cat products into soccer and providing exclusive experiences for Cat dealers. This strategic move supports Caterpillar's commitment to engage with future generations and local communities.

Caterpillar Inc. (NYSE: CAT) Chairman & CEO Jim Umpleby will participate in a fireside chat with institutional investors at Bernstein's 38th Annual Strategic Decisions Conference on June 1, 2022, at 11 a.m. ET. The session will last 50 minutes and will be webcast in real-time for public viewing. Interested listeners should access the investor relations website 30 minutes prior to the event for registration and software setup. A replay will be available for one year, and a transcript will be posted on Caterpillar's investor relations site.

Caterpillar Inc. (NYSE: CAT) hosted its Investor Day on May 17, 2022, highlighting growth opportunities in services, technology, and sustainability. The company aims for long-term sales growth driven by the energy transition, maintaining adjusted operating margin targets while investing in technology. Caterpillar reported achieving $26 billion in free cash flow since 2017 and committed to returning substantial cash flow to shareholders, with a new $15 billion stock repurchase authorization effective August 1, 2022.

Caterpillar has acquired Tangent Energy Solutions, a U.S.-based energy-as-a-service company, enhancing its capabilities in providing energy solutions. The acquisition, announced on May 5, 2022, allows Caterpillar to offer improved energy efficiency and cost-reduction services to customers. Tangent's proprietary software will optimize energy use without disrupting operations, providing additional revenue streams. This strategic move complements Caterpillar's existing electric power product offerings, positioning it for greater market share in the growing energy sector.

Caterpillar Inc. (NYSE: CAT) will host a video webcast for its Investor Day on May 17, 2022, at 10:25 a.m. CDT. The event will feature insights from Chairman and CEO Jim Umpleby and the Executive Office, focusing on the company's enterprise strategy aimed at profitable growth through services, technology, and sustainability. Presentations will be accessible online, and a transcript will be available post-event. Caterpillar reported $51.0 billion in sales and revenues for 2021, emphasizing its role as a leader in construction and mining equipment manufacturing.

Caterpillar Inc. (NYSE: CAT) will hold a virtual annual shareholder meeting on June 8, 2022, at 8 a.m. CDT. Shareholders as of April 13, 2022, can participate, ask questions, and vote on various items during the meeting. Details regarding attendance and business items will be available in Caterpillar's 2022 proxy statement.

In 2021, Caterpillar reported sales and revenues of $51.0 billion, cementing its position as a leader in manufacturing construction and mining equipment, as well as industrial engines.