CAT raises its quarterly dividend 7.95% to $1.63 per share

Caterpillar Inc. (CAT) has announced a quarterly dividend increase of 7.95%, raising the payout from $1.51 to $1.63 per share. The new dividend will be paid to shareholders of record as of the ex-dividend date, which is July 20, 2026. This marks the latest in a series of consistent dividend hikes for the industrial giant.

The numbers

The new quarterly dividend of $1.63 per share represents an annualized rate of $6.52 per share. Based on the current stock price of $864.30, the trailing twelve-month (TTM) dividend yield stands at 0.71%, with TTM dividends per share of $6.16. Over the past five years, CAT has grown its dividend at a compound annual growth rate (CAGR) of 7.2%, and the company has increased its dividend for 12 consecutive years. Recent quarterly payments include $1.41 (April 2025), $1.51 (July 2025), $1.51 (October 2025), $1.51 (January 2026), and $1.51 (April 2026).

What it means for income investors

For investors holding 100 shares of CAT, the new quarterly dividend translates to $163 per quarter, or $652 annually, up from $604 previously. The increase reinforces CAT's commitment to returning capital to shareholders, supported by its strong financial performance and long track record of dividend growth. Investors can view the full payment history for CAT on DividendSmart.

Reporting based on: DividendSmart market data. Figures verified against market data where available.