AZZ vs CAT: Which Is the Better Dividend Stock?
As of Oct 14, 2026, CAT (Caterpillar Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. CAT offers the higher yield at 0.84%, AZZ has the higher dividend-safety score, and AZZ looks like the better value (its fair-value estimate is 6% below its share price).
Key facts: AZZ vs CAT
Data as of · Source: SmarterDividends data
- As of Oct 14, 2026, Caterpillar Inc. (CAT) has the higher forward dividend yield at 0.84%, versus 0.70% for AZZ Inc. (AZZ).
- As of Oct 14, 2026, SmarterDividends grades AZZ's dividend safety A (96/100) and CAT's A (92/100).
- By SmarterDividends' count as of Oct 14, 2026, AZZ has raised its dividend for 1 consecutive years and CAT for 32.
- As of Oct 14, 2026, AZZ pays out 12% of its earnings as dividends and CAT pays out 26%.
- As of Oct 14, 2026, AZZ's fair-value estimate is 6% below its share price and CAT's fair-value estimate is 51% below its share price, so AZZ looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "AZZ vs CAT: Dividend Yield, Safety & Value Compared," updated Oct 14, 2026, https://smarterdividends.com/compare/azz-vs-cat
| Metric | AZZ | CAT |
|---|---|---|
| Forward yield | 0.70% | 0.84% |
| Annual dividend | $0.80 | $6.16 |
| Payout ratio | 12% | 26% |
| Years of growth | 1 yr | 32 yr |
| 5-yr dividend growth | 1.7% | 7.2% |
| 5-yr total return | 158% | 292% |
| Dividend safety score | 96 (A) | 92 (A) |
| Fair value estimate | $128.43 | $377.48 |
| Upside to fair value | -6% | -51% |
| Frequency | quarterly | quarterly |
| Market cap | $4.1B | $355.2B |
| P/E ratio | 20.8 | 33.3 |
Higher yield
CAT
0.84%
Safer dividend
AZZ
Grade A
Faster growth
CAT
7.2%
Better value
AZZ
-6% upside
AZZ vs CAT — FAQ
Is AZZ or CAT a better dividend stock?
On the data, CAT wins more head-to-head categories (5 vs 3). CAT offers the higher yield (0.84%), while AZZ has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, AZZ or CAT?
CAT has the higher forward dividend yield at 0.84%, versus 0.70% for AZZ.
Is AZZ or CAT safer?
AZZ has the higher dividend-safety score (96/100 vs 92/100), reflecting stronger payout coverage and dividend-growth history.
Is AZZ or CAT better value right now?
As of Oct 14, 2026, AZZ looks like the better value: its fair-value estimate is 6% below its share price (fairly valued). For CAT, its fair-value estimate is 51% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.