AAON vs CAT: Which Is the Better Dividend Stock?
As of July 2026, CAT (Caterpillar Inc.) screens as the stronger dividend stock, winning 7 of 8 head-to-head metrics. CAT offers the higher yield at 0.73%, CAT has the higher dividend-safety score, and CAT trades at the larger discount to fair value (-46%).
| Metric | AAON | CAT |
|---|---|---|
| Forward yield | 0.37% | 0.73% |
| Annual dividend | $0.40 | $6.52 |
| Payout ratio | 28% | 30% |
| Years of growth | 1 yr | 32 yr |
| 5-yr dividend growth | -4.6% | 7.2% |
| 5-yr total return | 126% | 321% |
| Dividend safety score | 65 (C) | 90 (A) |
| Fair value estimate | $47.64 | $483.25 |
| Upside to fair value | -54% | -46% |
| Frequency | quarterly | quarterly |
| Market cap | $8.4B | $409.3B |
| P/E ratio | 76.1 | 44.6 |
Higher yield
CAT
0.73%
Safer dividend
CAT
Grade A
Faster growth
CAT
7.2%
Better value
CAT
-46% upside
AAON vs CAT — FAQ
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