Why Caterpillar (CAT) Remains a Heavyweight Among NYSE Dividend Stocks

Core Insights - Caterpillar Inc. (NYSE:CAT) is recognized as one of the top 10 dividend stocks on the NYSE, reflecting its strong position in the market [1] - The company is a leading manufacturer of construction equipment and exhibits cyclical stock behavior, with performance closely tied to economic conditions [2] Group 1: Economic Positioning - Caterpillar is actively expanding its services business to mitigate the effects of economic fluctuations, aiming for more stable recurring revenue [3] - The company is poised to benefit from the anticipated surge in electricity demand from data centers, projected to increase by 165% by 2030, which will create significant opportunities in power generation and energy storage [3] Group 2: Dividend Performance - Caterpillar maintains a robust dividend policy, with a quarterly dividend of $1.51 per share and a dividend yield of 1.29% as of September 20, indicating a strong commitment to returning value to shareholders [4] - The company has a history of increasing its dividend payouts for 31 consecutive years, showcasing its reliability as a dividend stock [4]