SmarterDividends

CAT vs MMM: Which Is the Better Dividend Stock?

As of June 2026, CAT (Caterpillar Inc.) screens as the stronger dividend stock, winning 7 of 8 head-to-head metrics. MMM offers the higher yield at 1.97%, CAT has the higher dividend-safety score, and CAT trades at the larger discount to fair value (-47%).

MetricCATMMM
Forward yield0.72%1.97%
Annual dividend$6.52$3.12
Payout ratio30%57%
Years of growth32 yr1 yr
5-yr dividend growth7.2%-9.9%
5-yr total return318%-5%
Dividend safety score89 (A)60 (C)
Fair value estimate$485.90$76.03
Upside to fair value-47%-52%
Frequencyquarterlyquarterly
Market cap$419.4B$82.6B
P/E ratio45.330.5

Higher yield

MMM

1.97%

Safer dividend

CAT

Grade A

Faster growth

CAT

7.2%

Better value

CAT

-47% upside

CAT vs MMM — FAQ

See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.