Replies to post #25951 on The Rising Influence of Rising Affluence

[DewDiligence]

CAT investor day slides:

https://s25.q4cdn.com/358376879/files/doc_presentations/2022/05/Caterpillar-2022-Investor-Day-Presentation.pdf

[jbog]

CAT authorizes new $15B share buyback:

The number of companies issuing new buybacks seems silly at this point in the macro cycle.

[DewDiligence]

CAT boosts annualized dividend to $4.80—(from $4.44)—the_28th_consecutive_year for a dividend hike:

https://finance.yahoo.com/news/caterpillar-inc-increases-dividend-140500714.html

At the current share price (~$231), the new payout represents a yield of 2.1%. The dividend would presumably be higher if CAT didn’t have an aggressive share-buyback program (#msg-168886038).

[DewDiligence]

CAT moves corporate headquarters from Illinois to Texas:

https://www.barrons.com/articles/caterpillar-is-moving-to-texas-51655242731

The company says taxes are not the reason for the move, but I don't believe it.