U.S. stocks ended mostly lower on Friday but the Nasdaq ended in positive territory to close at a record high for the fifth consecutive session.
Caterpillar Inc suspended operations in its manufacturing facilities in Russia in 2022, joining a number of foreign companies that halted business in the country after Moscow's February 2022 invasion of Ukraine. Russian President Vladimir Putin approved the purchase of Caterpillar's assets by a company called PSK-New Solutions in November 2023.
Caterpillar's (CAT) recent dividend hike, which highlights its solid financial position, boosts its dividend yield to 1.72%, thus surpassing the industry average.