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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