That just means more Americans can now afford to buy Caterpillar stocks.
>> That just means more Americans can now afford to buy Caterpillar stocks.
They’ve been on my “watch list” for awhile. They pay a 3.3% dividend at their current price (match THAT at your local savings and loan!) and they’re down ~$30 on the year. P/E of about 13 now.
Of course they could cut that dividend if they fall on hard times, but in ten years their dividend has only grown (from $0.21/share in 2005 to $0.70 now). They didn’t even cut their dividend in 20019 when their shares lost >50% of their value (which they soon recovered, and then some).