Caterpillar (CAT) Dividend History & Yield
Dividend ContenderCaterpillar (CAT) has increased its dividend for 13 consecutive years and currently yields 0.69%. The most recent dividend was $1.5100/share on May 19, 2026, paid Quarterly.
CAT
Current Yield
0.69%
TTM Dividend/Share
$6.04
Payment Frequency
Quarterly
Payout Ratio
30.0%
Consecutive Growth Years
13 (Dividend Contender)
Div Growth (1Y CAGR)
7.75%
Div Growth (5Y CAGR)
7.23%
Div Growth (10Y CAGR)
7.10%
CAT: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
7.9%
FCF payout ratio
6.2%
Net debt / EBITDA
2.5x
Interest coverage
8.31x
ROIC (TTM)
16.9%
Dividend Safety Score
8 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 30.0%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($22.02) covers dividend/share ($6.04).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
13 consecutive years of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 6.2%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 2.5x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (7.2%) ≤ EPS growth (17.3%) — sustainable.
Per-payment dividend history
Ex-date Apr 20, 2026
- Payment date
- May 19, 2026
- Dividend
- $1.5100
- Adj. dividend
- $1.5100
Ex-date Jan 20, 2026
- Payment date
- Feb 19, 2026
- Dividend
- $1.5100
- Adj. dividend
- $1.5100
Ex-date Oct 20, 2025
- Payment date
- Nov 20, 2025
- Dividend
- $1.5100
- Adj. dividend
- $1.5100
Ex-date Jul 21, 2025
- Payment date
- Aug 20, 2025
- Dividend
- $1.5100
- Adj. dividend
- $1.5100
Ex-date Apr 21, 2025
- Payment date
- May 20, 2025
- Dividend
- $1.4100
- Adj. dividend
- $1.4100
Ex-date Jan 21, 2025
- Payment date
- Feb 20, 2025
- Dividend
- $1.4100
- Adj. dividend
- $1.4100
Ex-date Oct 21, 2024
- Payment date
- Nov 20, 2024
- Dividend
- $1.4100
- Adj. dividend
- $1.4100
Ex-date Jul 22, 2024
- Payment date
- Aug 20, 2024
- Dividend
- $1.4100
- Adj. dividend
- $1.4100
Ex-date Apr 19, 2024
- Payment date
- May 20, 2024
- Dividend
- $1.3000
- Adj. dividend
- $1.3000
Ex-date Jan 19, 2024
- Payment date
- Feb 20, 2024
- Dividend
- $1.3000
- Adj. dividend
- $1.3000
Ex-date Oct 20, 2023
- Payment date
- Nov 20, 2023
- Dividend
- $1.3000
- Adj. dividend
- $1.3000
Ex-date Jul 19, 2023
- Payment date
- Aug 18, 2023
- Dividend
- $1.3000
- Adj. dividend
- $1.3000
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| Apr 20, 2026 | May 19, 2026 | $1.5100 | $1.5100 |
| Jan 20, 2026 | Feb 19, 2026 | $1.5100 | $1.5100 |
| Oct 20, 2025 | Nov 20, 2025 | $1.5100 | $1.5100 |
| Jul 21, 2025 | Aug 20, 2025 | $1.5100 | $1.5100 |
| Apr 21, 2025 | May 20, 2025 | $1.4100 | $1.4100 |
| Jan 21, 2025 | Feb 20, 2025 | $1.4100 | $1.4100 |
| Oct 21, 2024 | Nov 20, 2024 | $1.4100 | $1.4100 |
| Jul 22, 2024 | Aug 20, 2024 | $1.4100 | $1.4100 |
| Apr 19, 2024 | May 20, 2024 | $1.3000 | $1.3000 |
| Jan 19, 2024 | Feb 20, 2024 | $1.3000 | $1.3000 |
| Oct 20, 2023 | Nov 20, 2023 | $1.3000 | $1.3000 |
| Jul 19, 2023 | Aug 18, 2023 | $1.3000 | $1.3000 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
Caterpillar has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 13 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $5.8400 | — | — |
| 2025 | $5.4200 | $5.8400 | +7.7% |
| 2024 | $5.0000 | $5.4200 | +8.4% |
| 2023 | $4.6200 | $5.0000 | +8.2% |
| 2022 | $4.2800 | $4.6200 | +7.9% |
| 2021 | $4.1200 | $4.2800 | +3.9% |
| 2020 | $3.7800 | $4.1200 | +9.0% |
| 2019 | $3.2800 | $3.7800 | +15.2% |
| 2018 | $3.1000 | $3.2800 | +5.8% |
| 2017 | $3.0800 | $3.1000 | +0.6% |
| 2016 | $2.9400 | $3.0800 | +4.8% |
| 2015 | $2.6000 | $2.9400 | +13.1% |
| 2014 | $1.7200 | $2.6000 | +51.2% |
| 2013 | $2.4800 | $1.7200 | -30.6% |
| 2012 | $1.8000 | $2.4800 | +37.8% |
| 2011 | $1.7200 | $1.8000 | +4.7% |
| 2010 | $1.6800 | $1.7200 | +2.4% |
| 2009 | $1.5600 | $1.6800 | +7.7% |
| 2008 | $1.3200 | $1.5600 | +18.2% |
| 2007 | $1.1000 | $1.3200 | +20.0% |
| 2006 | $0.9100 | $1.1000 | +20.9% |
| 2005 | $0.7800 | $0.9100 | +16.7% |
| 2004 | $0.7100 | $0.7800 | +9.9% |
| 2003 | $0.7000 | $0.7100 | +1.4% |
| 2002 | $0.6900 | $0.7000 | +1.4% |
| 2001 | $0.6650 | $0.6900 | +3.8% |
| 2000 | $0.6250 | $0.6650 | +6.4% |
| 1999 | $0.5500 | $0.6250 | +13.6% |
| 1998 | $0.4500 | $0.5500 | +22.2% |
| 1997 | $0.3750 | $0.4500 | +20.0% |
| 1996 | $0.3000 | $0.3750 | +25.0% |
| 1995 | $0.1125 | $0.3000 | +166.7% |
| 1994 | $0.0750 | $0.1125 | +50.0% |
| 1993 | $0.0750 | $0.0750 | 0.0% |
| 1992 | $0.1500 | $0.0750 | -50.0% |
| 1991 | $0.1500 | $0.1500 | 0.0% |
| 1990 | $0.1500 | $0.1500 | 0.0% |
| 1989 | $0.0943 | $0.1500 | +59.2% |
| 1988 | $0.0625 | $0.0943 | +50.8% |
| 1987 | $0.0625 | $0.0625 | 0.0% |
| 1986 | $0.0625 | $0.0625 | 0.0% |
| 1985 | $0.1563 | $0.0625 | -60.0% |
| 1984 | $0.1875 | $0.1563 | -16.7% |
| 1983 | $0.3000 | $0.1875 | -37.5% |
| 1982 | — | $0.3000 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for Caterpillar (CAT) from the consolidated cash flow statement, in USD as filed.
Latest period
$2.78B
YoY change
+3.9%
5Y CAGR
+4.2%
Peak year (2025)
$2.75B
Latest annual
$2.75B
Cash dividends paid over time for Caterpillar (CAT)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for Caterpillar (CAT)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $2.75B | +3.9% | +$103.00M | ||
| 2024 | $2.65B | +3.2% | +$83.00M | ||
| 2023 | $2.56B | +5.0% | +$123.00M | ||
| 2022 | $2.44B | +4.6% | +$108.00M | ||
| 2021 | $2.33B | +4.0% | +$89.00M | ||
| 2020 | $2.24B | +5.2% | +$111.00M | ||
| 2019 | $2.13B | +9.3% | +$181.00M | ||
| 2018 | $1.95B | +6.6% | +$120.00M | ||
| 2017 | $1.83B | +1.8% | +$32.00M | ||
| 2016 | $1.80B | +2.4% | +$42.00M | ||
| 2015 | $1.76B | +8.5% | +$137.00M | ||
| 2014 | $1.62B | +45.8% | +$509.00M | ||
| 2013 | $1.11B | -31.3% | -$506.00M | ||
| 2012 | $1.62B | +39.5% | +$458.00M | ||
| 2011 | $1.16B | +6.9% | +$75.00M | ||
| 2010 | $1.08B | +5.3% | +$55.00M | ||
| 2009 | $1.03B | +8.0% | +$76.00M | ||
| 2008 | $953.00M | +12.8% | +$108.00M | ||
| 2007 | $845.00M | +16.4% | +$119.00M | ||
| 2006 | $726.00M | +17.5% | +$108.00M | ||
| 2005 | $618.00M | +15.7% | +$84.00M | ||
| 2004 | $534.00M | +8.8% | +$43.00M | ||
| 2003 | $491.00M | +2.1% | +$10.00M | ||
| 2002 | $481.00M | +1.5% | +$7.00M | ||
| 2001 | $474.00M | +2.6% | +$12.00M | ||
| 2000 | $462.00M | +3.8% | +$17.00M | ||
| 1999 | $445.00M | +11.3% | +$45.00M | ||
| 1998 | $400.00M | +18.3% | +$62.00M | ||
| 1997 | $338.00M | +17.0% | +$49.00M | ||
| 1996 | $289.00M | +20.9% | +$50.00M | ||
| 1995 | $239.00M | +162.6% | +$148.00M | ||
| 1994 | $91.00M | +49.2% | +$30.00M | ||
| 1993 | $61.00M | +1.7% | +$1.00M | ||
| 1992 | $60.00M | -50.4% | -$61.00M | ||
| 1991 | $121.00M | -0.8% | -$1.00M | ||
| 1990 | $122.00M | +0.8% | +$1.00M | ||
| 1989 | $121.00M | — | — |
The 2025 reading of Caterpillar (CAT) dividends paid is $2.75B – edged up 3.9% year-over-year.
Caterpillar dividends paid compound annual growth for the 2020–2025 (5 years) window is +4.2%, sustaining 12 straight years of year-over-year growth.
The highest annual dividends paid of $2.75B was reported in 2025. The lowest in the available history was $60.00M in 1992.
Within Industrials, Caterpillar (CAT) ranks 4th among 8 peers we track. The peer median for dividends paid is $1.67B.
Caterpillar Dividends Paid 2025: $2.75B
Caterpillar dividends paid in 2025 was $2.75B, edged up 3.9% from 2024. This figure represents the highest annual value in the available history.
Caterpillar Dividends Paid 2024: $2.65B
Caterpillar dividends paid in 2024 was $2.65B, edged up 3.2% from 2023.
Caterpillar Dividends Paid 2023: $2.56B
Caterpillar dividends paid in 2023 was $2.56B, grew 5.0% from 2022.
Caterpillar Dividends Paid 2022: $2.44B
Caterpillar dividends paid in 2022 was $2.44B, edged up 4.6% from 2021.
Caterpillar Dividends Paid 2021: $2.33B
Caterpillar dividends paid in 2021 was $2.33B.
See more financial history for Caterpillar (CAT).
Sector peers by dividends paid
Companies in the same sector as Caterpillar, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| RTX (RTX) | $3.57B | Industrials |
| Union Pacific (UNP) | $3.24B | Industrials |
| Honeywell International (HON) | $2.98B | Industrials |
| Deere & Company (DE) | $1.72B | Industrials |
| Eaton Corporation (ETN) | $1.63B | Industrials |
| GE Aerospace (GE) | $1.45B | Industrials |
| Vertiv Holdings (VRT) | $66.60M | Industrials |
| Boeing (BA) | $0 | Industrials |
Frequently asked questions
Does Caterpillar pay dividends?
Yes, Caterpillar (CAT) pays quarterly dividends of approximately $6.04 per share annually, yielding 0.69%.
What is Caterpillar's dividend yield?
Caterpillar (CAT) has a current dividend yield of 0.69%.
Is Caterpillar's dividend safe?
Caterpillar (CAT) passes 8 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Caterpillar increased its dividend?
Caterpillar (CAT) has 13 consecutive years of dividend increases.
What is Caterpillar's dividend payout ratio?
Caterpillar (CAT) has a dividend payout ratio of 30.0%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is Caterpillar's dividends paid?
Latest reported dividends paid for Caterpillar (CAT) is $2.78B (period ending March 31, 2026).
How has Caterpillar dividends paid changed year-over-year?
Caterpillar (CAT) dividends paid changed +3.9% year-over-year on the latest annual filing.
What is the long-term growth rate of Caterpillar dividends paid?
Caterpillar (CAT) dividends paid compound annual growth rate is +4.2% over the most recent 5 years available.
When did Caterpillar dividends paid hit its highest annual value?
Caterpillar dividends paid reached its highest annual value of $2.75B in 2025.
What was Caterpillar dividends paid in 2024?
Caterpillar (CAT) dividends paid in 2024 was $2.65B.
What was Caterpillar dividends paid in 2025?
Caterpillar (CAT) dividends paid in 2025 was $2.75B.
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