CAT - If You Invested $10000 in Caterpillar 10 Years Ago This Is How Much You Would Have Today
2023-06-02 08:45:00 ET
There are two answers to the headline on this article, and together, they significantly contribute to the investment case for Caterpillar (NYSE: CAT) . The first answer is $24,300 -- that's what you would have by buying and holding the stock. But you would have $32,200 if you had reinvested the dividends.
The difference is a testament to the power of compounding with a stock that has an excellent record of growing dividends. Here's why Caterpillar is worth a look for income-seeking investors.
Not only has the company paid a cash dividend every year since its formation in 1933, but it has also raised its payout yearly for the last 29 consecutive years. That fact might surprise some readers; after all, Caterpillar's mix of construction, mining, energy, and transportation machinery serves highly cyclical markets.
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If You Invested $10,000 in Caterpillar 10 Years Ago, This Is How Much You Would Have Today