CAT (Caterpillar) Dividend Payout Ratio : 0.27 (As of Dec. 2024)

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What is Caterpillar Dividend Payout Ratio?

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Caterpillar's Dividend Payout Ratio for the months ended in Dec. 2024 was 0.27.

The historical rank and industry rank for Caterpillar's Dividend Payout Ratio or its related term are showing as below:

CAT' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.24 Med: 0.37 Max: 0.9
Current: 0.25

During the past 13 years, the highest Dividend Payout Ratio of Caterpillar was 0.90. The lowest was 0.24. And the median was 0.37.

CAT's Dividend Payout Ratio is ranked better than
70.83% of 120 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.365 vs CAT: 0.25

As of today (2025-04-30), the Dividend Yield % of Caterpillar is 1.88%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Caterpillar was 4.91%. The lowest was 1.31%. And the median was 2.29%.

Caterpillar's Dividends per Share for the months ended in Dec. 2024 was $1.41.

During the past 12 months, Caterpillar's average Dividends Per Share Growth Rate was 8.40% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 8.20% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 7.30% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 7.40% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Caterpillar was 71.00% per year. The lowest was -20.60% per year. And the median was 9.25% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Caterpillar Dividend Payout Ratio Historical Data

The historical data trend for Caterpillar's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Caterpillar Dividend Payout Ratio Chart

Caterpillar Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dividend Payout Ratio

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0.63

0.40

0.33

0.24

0.25

Caterpillar Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Dividend Payout Ratio	Get a 7-Day Free Trial															0.25	0.23	0.22	0.27	0.27

Competitive Comparison of Caterpillar's Dividend Payout Ratio

For the Farm & Heavy Construction Machinery subindustry, Caterpillar's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Caterpillar's Dividend Payout Ratio Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Caterpillar's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Caterpillar's Dividend Payout Ratio falls into.

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Caterpillar Dividend Payout Ratio Calculation

Caterpillar's Dividend Payout Ratio for the fiscal year that ended in Dec. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2024 )	/	EPS without NRI (A: Dec. 2024 )
	=	5.42	/	21.9
	=	0.25

Caterpillar's Dividend Payout Ratio for the quarter that ended in Dec. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2024 )	/	EPS without NRI (Q: Dec. 2024 )
	=	1.41	/	5.14
	=	0.27

Caterpillar (NYSE:CAT) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Caterpillar Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Caterpillar's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Caterpillar Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Caterpillar Inc (NYSE:CAT) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

CAT:Peru CAT:Mexico CAT_KZ:Kazakhstan 1CAT:Italy 0Q18:UK CAT:Germany CAT1:Germany CAT1:Germany CAT1:Germany CAT1:Germany CAT:Chile CATR:Canada CATP34:Brazil CAT:Austria CAT:Argentina

Address

5205 N. O'Connor Boulevard, Suite 100, Irving, TX, USA, 75039

Website

https://www.caterpillar.com

Caterpillar is the world's leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Its reporting segments are: construction industries (40% sales/47% operating profit, or OP), resource industries (20% sales/19% OP), and energy & transportation (40% sales/34% OP). Market share approaches 20% across many products. Caterpillar operates a captive finance subsidiary to facilitate sales. The firm has global reach (46% US sales/54% ex-US). Construction skews more domestic, while the other divisions are more geographically diversified. An independent network of 156 dealers operates approximately 2,800 facilities, giving Caterpillar reach into about 190 countries for sales and support services.

Executives

Gerald Johnson	director	300 RENAISSANCE CENTER, M/C: 482-C23-A68, DETROIT MI 48265
Bonfield Andrew R J	officer: Chief Financial Officer	C/O BRISTOL MYERS SQUIBB CO, 345 PARK AVE, NEW YORK NY 10164
Anthony D. Fassino	officer: Group President	510 LAKE COOK ROAD, SUITE 100, DEERFIELD IL 60015
Susan C Schwab	director	2101 VAN MUNCHING HALL, COLLEGE PARK MD 20742
Lange Bob De	officer: Group President	510 LAKE COOK ROAD, SUITE 100, DEERFIELD IL 60015
Daniel M Dickinson	director	THAYER CAPITAL PARTNERS, 1455 PENNSYLVANIA AVENUE NW, STE 350, WASHINGTON DC 20004
Cheryl H Johnson	officer: Chief Human Resources Officer	40 WESTMINSTER STREET, PROVIDENCE RI 02903
William E Schaupp	officer: Chief Accounting Officer	PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
David Maclennan	director	14701 CHARLSON ROAD, EDEN PRAIRIE MN 55347
Joseph E Creed	officer: Interim CFO	510 LAKE COOK ROAD, SUITE 100, DEERFIELD IL 60015
Denise C Johnson	officer: Group President	C/O CATERPILLAR, INCORPORATED, 901 WEST WASHINGTON, CV41110, EAST PEORIA IL 61630
Fish James C Jr	director	800 CAPITOL STREET 3000, HOUSTON TX 77002
Judith Fran Marks	director	C/O HUBBELL INCORPORATED, 40 WATERVIEW DRIVE, SHELTON CT 06484
Suzette M Long	officer: Int. Executive Vice President	510 LAKE COOK ROAD, SUITE 100, DEERFILED IL 60015
Gary Michael Marvel	officer: Chief Accounting Officer	510 LAKE COOK ROAD, SUITE 100, DEERFIELD IL 60015