This Dow 30 dividend stock is up 100% in the past year

Core Insights - Caterpillar has experienced a remarkable 100% stock price increase over the past year, making it one of the top performers in the Dow Jones Industrial Average [1] - The company's transformation is largely driven by the rising demand for power generation solutions to support the AI boom [2][3] Group 1: Company Performance - Caterpillar's Power Generation sales surged by 44% in Q4 2025, driven by increased demand for generators and turbines for AI data center construction [4] - The company secured one of its largest power contracts in history, supplying generators for a significant data center project in Mason County, West Virginia [5] - Power and energy sales have become the largest revenue contributor for Caterpillar, marking a significant shift from its traditional focus on construction and mining equipment [5] Group 2: Investment and Growth Strategy - To meet the growing demand, Caterpillar is investing $725 million in its Lafayette, Indiana plant to expand production of piston-driven engines used in generators [6] - The company aims to more than double its turbine engine capacity by 2030 [6] Group 3: Dividend History - Caterpillar has a long-standing history of paying dividends, having paid a cash dividend every year since its inception and a quarterly dividend since 1933 [7] - The company has raised its annual dividend for 31 consecutive years and is part of the S&P 500 Dividend Aristocrats Index [8] - In June 2025, the board increased the quarterly dividend by $0.10, representing a 7% increase to $1.51 per share [8]