SmarterDividends

CAT vs MMM: Which Is the Better Dividend Stock?

As of September 2026, CAT (Caterpillar Inc.) screens as the stronger dividend stock, winning 7 of 8 head-to-head metrics. MMM offers the higher yield at 1.89%, CAT has the higher dividend-safety score, and CAT trades at the larger discount to fair value (-40%).

MetricCATMMM
Forward yield0.80%1.89%
Annual dividend$6.52$3.12
Payout ratio26%54%
Years of growth32 yr1 yr
5-yr dividend growth7.2%-9.9%
5-yr total return326%12%
Dividend safety score92 (A)65 (C)
Fair value estimate$493.16$77.31
Upside to fair value-40%-53%
Frequencyquarterlyquarterly
Market cap$376.3B$85.1B
P/E ratio35.229.3

Higher yield

MMM

1.89%

Safer dividend

CAT

Grade A

Faster growth

CAT

7.2%

Better value

CAT

-40% upside

CAT vs MMM — FAQ

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