Caterpillar Inc. (NYSE:CAT) is named one of the 11 Innovative Dividend Stocks to Buy Now, showcasing its strong performance in the market.

Caterpillar Inc. (NYSE:CAT) is a renowned American company specializing in construction, mining, and engineering equipment, known for introducing the first practical track-type tractor in the early 1900s.

Caterpillar Inc. (NYSE:CAT) increased its quarterly dividend by 7% in June, marking its 31st consecutive year of dividend growth, offering a quarterly dividend of $1.51 per share as of July 28.

While Caterpillar Inc. (NYSE:CAT) presents a promising investment opportunity, some believe other AI stocks may offer greater potential upside with lower risks, such as those benefiting from tariffs and onshoring trends.

For more insights on dividend stocks, check out “10 Best and Safe Dividend Stocks to Buy Now” and “10 Stocks with Highest Dividend to Buy Right Now.” No disclosures were made in the article.

Read more at Yahoo Finance: Innovative Technologies Power Caterpillar’s (CAT) Dividend Strength