Caterpillar has maintained its quarterly dividend at $1.51 per share of common stock, payable on 19 May 2026 to shareholders of record as of 20 April 2026. The construction and mining equipment manufacturer has paid a cash dividend every year since its formation and quarterly dividends since 1933. Caterpillar has increased annual dividends for 32 consecutive years and is a member of the S&P 500 Dividend Aristocrats Index. The company reported sales and revenues of $67.6 billion in 2025. Its primary business segments include Power & Energy, Construction Industries and Resource Industries.

Caterpillar, the industrial equipment manufacturer known for construction machinery, has emerged as an unexpected AI beneficiary through its power and energy segment. The company is capitalising on surging demand for data centre power infrastructure, selling industrial-scale generators, battery systems and switchgear whilst electrical grids expand to meet capacity needs. The power and energy division grew revenue 23% year-over-year in Q4 2025, becoming Caterpillar's largest business. The company ended 2025 with a $51 billion order backlog, up 71% from the previous year. Management estimates data centre electricity requirements will rise 200% by 2035. Caterpillar shares have more than doubled over the past year and trade at 31 times forward earnings. Wall Street analysts forecast 18% annual earnings growth over the next three to five years.

Caterpillar has surged roughly 100% over the past year, making it one of the best performers in the Dow Jones Industrial Average. The dividend stock's gains have been driven largely by surging demand for power generation equipment needed to support AI data centres. In the fourth quarter of 2025, Caterpillar's power generation sales jumped 44%, fueled by demand for generators and turbines supporting AI infrastructure. The company secured one of its largest single power contracts to supply generators for a data centre project in West Virginia. Power and energy sales have become Caterpillar's largest revenue contributor. Caterpillar is investing $725 million to expand production capacity and plans to more than double turbine engine capacity by 2030. In June 2025, the company raised its quarterly dividend by 7% to $1.51 per share.