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Is Caterpillar's Dividend Sustainable?

TheMotleyFool

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The COVID-19 pandemic has forced many companies and investors to think differently about some stocks, and Caterpillar (NYSE: CAT) is one of them. It's always been known to have highly cyclical earnings that go up and down relatively in sync with the broader economy.

Management has made great efforts to reduce the cyclicality of its earnings in recent years in an effort to better position Caterpillar in case of a downturn.

Unfortunately, we now have a downturn. So it's time to see just how well-positioned Caterpillar is for it. In particular, will its dividend -- currently yielding 3.6% -- prove sustainable?

Source Fool.com

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