Caterpillar: Dividend Insights
Portfolio Pulse from Benzinga Insights
Caterpillar (NYSE:CAT) has announced a quarterly dividend of $1.3 per share. The stock will go ex-dividend on Friday, meaning it will likely open $1.3 lower than usual. Shareholders who own CAT as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on November 20, 2023.
October 17, 2023 | 2:45 pm
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Caterpillar's announcement of a $1.3 per share dividend may cause the stock to open lower on the ex-dividend date. However, this is a regular part of the dividend process and not a reflection of the company's performance.
When a company announces a dividend, the stock price typically adjusts down on the ex-dividend date by the amount of the dividend. This is a standard part of the dividend process and does not reflect negatively on the company's performance. However, it can impact the short-term stock price.
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