After reviewing all of the buys around the blogging community for last week, I noticed CAT near the top of the list and decided to do some research and liked what I saw.
The stock price has really taken a beating lately so the current dividend is near 4%. The have paid a dividend for 34 years with steady increases since 2005. Payout Ratio is around 50% and current P/E is 13.23. I am taking advantage of this pullback to buy into a great company that I will likely hold forever.
- I bought 14 shares of CAT @ $77.78. This adds $43.12 to my forward yearly dividends.