CAT vs KMT: Which Is the Better Dividend Stock?
As of September 2026, CAT and KMT are closely matched. KMT offers the higher yield at 2.72%, KMT has the higher dividend-safety score, and KMT trades at the larger discount to fair value (-1%).
| Metric | CAT | KMT |
|---|---|---|
| Forward yield | 0.80% | 2.72% |
| Annual dividend | $6.52 | $0.80 |
| Payout ratio | 26% | 18% |
| Years of growth | 32 yr | 0 yr |
| 5-yr dividend growth | 7.2% | 0.0% |
| 5-yr total return | 326% | -14% |
| Dividend safety score | 92 (A) | 98 (A) |
| Fair value estimate | $493.16 | $29.24 |
| Upside to fair value | -40% | -1% |
| Frequency | quarterly | quarterly |
| Market cap | $376.3B | $2.2B |
| P/E ratio | 35.2 | 6.7 |
Higher yield
KMT
2.72%
Safer dividend
KMT
Grade A
Faster growth
CAT
7.2%
Better value
KMT
-1% upside
CAT vs KMT — FAQ
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