Just bought Caterpillar

Monday came and the markets opened again after the weekend. I researched last week $CAT (-3,66 %) and saw good opportunity at current price. It has been a company I always checked occasionally because I think they have an advantage with their products and liked the margins for an industrial company. It is a company committed to return the complete free cash flow back to the shareholders. They have a good track record of increasing dividends with a lot of room to grow further since at the moment the payout ratio is sitting only at 24.5% of earnings. They have reduced the number of shares by 12% in the last 5 years and the price has come down due to a decrease in revenue this year and not the best forecast for 2025 either. I am planning to hold this company for a very long time, allowing the management to further decrease the number of shares outstanding and increase the dividend.