CAT vs PRG: Which Is the Better Dividend Stock?
As of Oct 18, 2026, CAT and PRG are closely matched. PRG offers the higher yield at 1.81%, CAT has the higher dividend-safety score, and PRG looks like the better value (its fair-value estimate is 134% above its share price).
Key facts: CAT vs PRG
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, PROG Holdings, Inc. (PRG) has the higher forward dividend yield at 1.81%, versus 0.89% for Caterpillar Inc. (CAT).
- As of Oct 18, 2026, SmarterDividends grades CAT's dividend safety A (92/100) and PRG's A (84/100).
- By SmarterDividends' count as of Oct 18, 2026, CAT has raised its dividend for 32 consecutive years and PRG for 20.
- As of Oct 18, 2026, CAT pays out 26% of its earnings as dividends and PRG pays out 17%.
- As of Oct 18, 2026, CAT's fair-value estimate is 48% below its share price and PRG's fair-value estimate is 134% above its share price, so PRG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CAT vs PRG: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/cat-vs-prg
| Metric | CAT | PRG |
|---|---|---|
| Forward yield | 0.89% | 1.81% |
| Annual dividend | $6.52 | $0.56 |
| Payout ratio | 26% | 17% |
| Years of growth | 32 yr | 20 yr |
| 5-yr dividend growth | 7.2% | 30.0% |
| 5-yr total return | 278% | -31% |
| Dividend safety score | 92 (A) | 84 (A) |
| Fair value estimate | $377.48 | $72.61 |
| Upside to fair value | -48% | +134% |
| Frequency | quarterly | quarterly |
| Market cap | $335.9B | $1.2B |
| P/E ratio | 31.5 | 9.9 |
Higher yield
PRG
1.81%
Safer dividend
CAT
Grade A
Faster growth
PRG
30.0%
Better value
PRG
+134% upside
CAT vs PRG — FAQ
Is CAT or PRG a better dividend stock?
CAT and PRG are closely matched. PRG has the higher yield; CAT scores better on safety.
Which has a higher dividend yield, CAT or PRG?
PRG has the higher forward dividend yield at 1.81%, versus 0.89% for CAT.
Is CAT or PRG safer?
CAT has the higher dividend-safety score (92/100 vs 84/100), reflecting stronger payout coverage and dividend-growth history.
Is CAT or PRG better value right now?
As of Oct 18, 2026, PRG looks like the better value: its fair-value estimate is 134% above its share price (undervalued). For CAT, its fair-value estimate is 48% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.