CAT vs PH: Which Is the Better Dividend Stock?
As of Oct 30, 2026, PH (Parker-Hannifin Corporation) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. CAT offers the higher yield at 0.91%, PH has the higher dividend-safety score, and PH looks like the better value (its fair-value estimate is 36% below its share price).
Key facts: CAT vs PH
Data as of · Source: SmarterDividends data
- As of Oct 30, 2026, Caterpillar Inc. (CAT) has the higher forward dividend yield at 0.91%, versus 0.88% for Parker-Hannifin Corporation (PH).
- As of Oct 30, 2026, SmarterDividends grades CAT's dividend safety A (91/100) and PH's A (99/100).
- By SmarterDividends' count as of Oct 30, 2026, CAT has raised its dividend for 32 consecutive years and PH for 9.
- As of Oct 30, 2026, CAT pays out 26% of its earnings as dividends and PH pays out 26%.
- As of Oct 30, 2026, CAT's fair-value estimate is 42% below its share price and PH's fair-value estimate is 36% below its share price, so PH looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CAT vs PH: Dividend Yield, Safety & Value Compared," updated Oct 30, 2026, https://smarterdividends.com/compare/cat-vs-ph
| Metric | CAT | PH |
|---|---|---|
| Forward yield | 0.91% | 0.88% |
| Annual dividend | $6.52 | $8.00 |
| Payout ratio | 26% | 26% |
| Years of growth | 32 yr | 9 yr |
| 5-yr dividend growth | 7.2% | 14.8% |
| 5-yr total return | 222% | 198% |
| Dividend safety score | 91 (A) | 99 (A) |
| Fair value estimate | $377.48 | $598.01 |
| Upside to fair value | -42% | -36% |
| Frequency | quarterly | quarterly |
| Market cap | $297.6B | $117.1B |
| P/E ratio | 27.9 | 32.6 |
Higher yield
CAT
0.91%
Safer dividend
PH
Grade A
Faster growth
PH
14.8%
Better value
PH
-36% upside
CAT vs PH — FAQ
Is CAT or PH a better dividend stock?
On the data, PH wins more head-to-head categories (5 vs 3). CAT offers the higher yield (0.91%), while PH has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, CAT or PH?
CAT has the higher forward dividend yield at 0.91%, versus 0.88% for PH.
Is CAT or PH safer?
PH has the higher dividend-safety score (99/100 vs 91/100), reflecting stronger payout coverage and dividend-growth history.
Is CAT or PH better value right now?
As of Oct 30, 2026, PH looks like the better value: its fair-value estimate is 36% below its share price (overvalued). For CAT, its fair-value estimate is 42% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.