If You Invested $10,000 in Caterpillar 10 Years Ago, This Is How Much You Would Have Today
There are two answers to the headline on this article, and together, they significantly contribute to the investment case for (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.
Source Fool.com
Caterpillar Inc. Stock
With 17 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 332 € there is a slightly positive potential of 8.14% for Caterpillar Inc. compared to the current price of 307.0 €.
