CAT vs DLB: Which Is the Better Dividend Stock?
As of July 2026, CAT (Caterpillar Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. DLB offers the higher yield at 2.87%, CAT has the higher dividend-safety score, and DLB trades at the larger discount to fair value (+82%).
| Metric | CAT | DLB |
|---|---|---|
| Forward yield | 0.74% | 2.87% |
| Annual dividend | $6.52 | $1.41 |
| Payout ratio | 30% | 55% |
| Years of growth | 32 yr | 11 yr |
| 5-yr dividend growth | 7.2% | 8.9% |
| 5-yr total return | 317% | -50% |
| Dividend safety score | 89 (A) | 77 (B) |
| Fair value estimate | $485.27 | $89.09 |
| Upside to fair value | -45% | +82% |
| Frequency | quarterly | quarterly |
| Market cap | $398.1B | $4.8B |
| P/E ratio | 43.9 | 19.5 |
Higher yield
DLB
2.87%
Safer dividend
CAT
Grade A
Faster growth
DLB
8.9%
Better value
DLB
+82% upside
CAT vs DLB — FAQ
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