The U.S. economy has seen a sharp rebound over the past few quarters thanks to a combination of pent-up demand and economic stimulus. Air travel and construction have been two of the hottest sectors in recent months, which has helped companies in these industries report better-than-expected first-quarter earnings.
Here are two companies in these industries that recently raised their dividend yields:
|Company||Ticker||Profile||Payout Change||Ex-Dividend Date||Yield|
|Caterpillar Inc.||CAT||Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. This was CAT’s 27th consecutive raise in its annual payout.||7.80%||July 19, 2021||1.87%|
|HEICO Corporation||HEI||HEICO is the world’s largest manufacturer of FAA-approved jet engine and aircraft component replacement parts, other than the OEMs and their subcontractors.||12.5% (paid semi-annually)||June 30, 2021||0.12%|
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