CAT vs NOC: Which Is the Better Dividend Stock?
As of September 2026, NOC (Northrop Grumman Corporation) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. NOC offers the higher yield at 1.92%, NOC has the higher dividend-safety score, and NOC trades at the larger discount to fair value (-32%).
| Metric | CAT | NOC |
|---|---|---|
| Forward yield | 0.80% | 1.92% |
| Annual dividend | $6.52 | $9.88 |
| Payout ratio | 26% | 30% |
| Years of growth | 32 yr | 22 yr |
| 5-yr dividend growth | 7.2% | 9.7% |
| 5-yr total return | 324% | 43% |
| Dividend safety score | 92 (A) | 95 (A) |
| Fair value estimate | $487.98 | $349.42 |
| Upside to fair value | -40% | -32% |
| Frequency | quarterly | quarterly |
| Market cap | $374.1B | $73.2B |
| P/E ratio | 35.1 | 16.4 |
Higher yield
NOC
1.92%
Safer dividend
NOC
Grade A
Faster growth
NOC
9.7%
Better value
NOC
-32% upside
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