Buy Caterpillar (CAT), Collect Its Strong Dividend, Hold for the Long Term

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Industrial earth-moving giant Caterpillar (CAT - Get Report) saw its stock reach a new 52-week low of $83.05 recently as slower-than-expected global economic growth continues to pressure the stock.
Caterpillar, headquartered Peoria, Ill., makes diesel and natural gas engines and industrial gas turbines. This is in addition to its construction and mining equipment. These segments, while profitable, have struggled amid weak global economic environment, leading to 2% and 19% year-over-year declines, respectively in third-quarter Resource Industries revenue and Construction Industries revenue. (more)

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