🟢 Caterpillar Inc is trading 3.1% up as investors react to 8% dividend increase

Caterpillar Inc is trading 3.1% up at $883.01, rebounding from a prior day's selloff as investors respond positively to a dividend hike.

• The company's board announced an 8% increase in the quarterly dividend to $1.63 per share on June 10.
• This marks the 32nd consecutive year the company has raised its dividend, reinforcing its status as an S&P 500 Dividend Aristocrat.
• The move signals management's confidence in future cash flow and its commitment to returning capital to shareholders.