CAT vs PNR: Which Is the Better Dividend Stock?
As of September 2026, CAT (Caterpillar Inc.) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. PNR offers the higher yield at 1.95%, CAT has the higher dividend-safety score, and PNR trades at the larger discount to fair value (+1%).
| Metric | CAT | PNR |
|---|---|---|
| Forward yield | 0.80% | 1.95% |
| Annual dividend | $6.52 | $1.08 |
| Payout ratio | 26% | 27% |
| Years of growth | 32 yr | 6 yr |
| 5-yr dividend growth | 7.2% | 5.6% |
| 5-yr total return | 297% | -24% |
| Dividend safety score | 92 (A) | 72 (B) |
| Fair value estimate | $492.78 | $56.42 |
| Upside to fair value | -39% | +1% |
| Frequency | quarterly | quarterly |
| Market cap | $366.0B | $8.7B |
| P/E ratio | 34.3 | 13.8 |
Higher yield
PNR
1.95%
Safer dividend
CAT
Grade A
Faster growth
CAT
7.2%
Better value
PNR
+1% upside
CAT vs PNR — FAQ
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