CAT vs NL: Which Is the Better Dividend Stock?
As of September 2026, CAT (Caterpillar Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. NL offers the higher yield at 5.70%, CAT has the higher dividend-safety score, and NL trades at the larger discount to fair value (+6%).
| Metric | CAT | NL |
|---|---|---|
| Forward yield | 0.81% | 5.70% |
| Annual dividend | $6.52 | $0.40 |
| Payout ratio | 26% | 175% |
| Years of growth | 32 yr | 2 yr |
| 5-yr dividend growth | 7.2% | 17.6% |
| 5-yr total return | 326% | 22% |
| Dividend safety score | 92 (A) | 64 (C) |
| Fair value estimate | $492.64 | $7.42 |
| Upside to fair value | -40% | +6% |
| Frequency | quarterly | quarterly |
| Market cap | $376.3B | — |
| P/E ratio | 34.7 | — |
Higher yield
NL
5.70%
Safer dividend
CAT
Grade A
Faster growth
NL
17.6%
Better value
NL
+6% upside
CAT vs NL — FAQ
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.