Caterpillar (CAT) Stock Near Record Highs: Today’s News, Dividend Update, Analyst Forecasts and 2026 Outlook (Dec. 12, 2025)
Caterpillar shares traded at $620.41, down 0.83% Friday, just off record highs after a strong Thursday session. The company’s board maintained its quarterly dividend at $1.51 per share, payable Feb. 19, 2026. Recent gains have been driven by demand for power-generation equipment for AI data centers and steady infrastructure orders.