SmarterDividends

CAT vs MMM: Which Is the Better Dividend Stock?

As of July 2026, CAT (Caterpillar Inc.) screens as the stronger dividend stock, winning 7 of 8 head-to-head metrics. MMM offers the higher yield at 1.71%, CAT has the higher dividend-safety score, and CAT trades at the larger discount to fair value (-45%).

MetricCATMMM
Forward yield0.78%1.71%
Annual dividend$6.52$3.12
Payout ratio30%54%
Years of growth32 yr1 yr
5-yr dividend growth7.2%-9.9%
5-yr total return321%6%
Dividend safety score90 (A)63 (C)
Fair value estimate$485.52$78.40
Upside to fair value-45%-55%
Frequencyquarterlyquarterly
Market cap$360.5B$91.8B
P/E ratio41.831.6

Higher yield

MMM

1.71%

Safer dividend

CAT

Grade A

Faster growth

CAT

7.2%

Better value

CAT

-45% upside

CAT vs MMM — FAQ

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