Caterpillar (CAT) shares fell 6.4% to $856.16, marking the largest single-day decline in over a year. Investors expressed concern regarding the company's exposure to the AI data-center market. Markets also questioned the long-term sustainability of profits from turbine orders.
Caterpillar’s board approved an 8% increase in the quarterly dividend to $1.63 per share. The company will pay the dividend on August 19, 2026. Shareholders of record as of July 20, 2026, qualify for the payment. This capital return policy diverges from market sentiment regarding the company's future growth drivers.