CAT vs SPIWF: Which Is the Better Dividend Stock?
As of September 2026, CAT (Caterpillar Inc.) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. SPIWF offers the higher yield at 2.55%, CAT has the higher dividend-safety score, and SPIWF trades at the larger discount to fair value (+15%).
| Metric | CAT | SPIWF |
|---|---|---|
| Forward yield | 0.81% | 2.55% |
| Annual dividend | $6.52 | $1.28 |
| Payout ratio | 26% | 61% |
| Years of growth | 32 yr | 3 yr |
| 5-yr dividend growth | 7.2% | — |
| 5-yr total return | 297% | 162% |
| Dividend safety score | 92 (A) | 68 (B) |
| Fair value estimate | $492.78 | $57.86 |
| Upside to fair value | -39% | +15% |
| Frequency | quarterly | weekly |
| Market cap | $375.3B | $8.5B |
| P/E ratio | 35.2 | 24.7 |
Higher yield
SPIWF
2.55%
Safer dividend
CAT
Grade A
Faster growth
CAT
7.2%
Better value
SPIWF
+15% upside
CAT vs SPIWF — FAQ
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