Jim Cramer says he’s worried about Caterpillar’s (CAT) dividend, even as the company reported earnings that beat Wall Street’s estimates. However, the company did report revenue that fell short of expectations, and offered a cautious outlook for 2016. Cramer’s troubled about what lies ahead. ‘I am concerned about the dividend,’ he said. ‘I do think capital expenditures will be down across the board worldwide.’ Caterpillar reported fourth-quarter earnings of 74-cents a share, compared with $1.35 in the previous year. Revenue slid to $11.03-billion, down from $14.24-billion a year ago. ‘My hat is off to them,’ said Cramer, who is portfolio manager of Action Alerts PLUS. ‘I didn’t think they’d be able to maintain just the kind of decline in revenues that they did. It was a better quarter than I thought.’ TheStreet’s Rhonda Schaffler has details from the New York Stock Exchange.
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