Caterpillar shows more dividend growth potential than Exxon despite Exxon's higher yield and long streak.

Caterpillar recently achieved a record $20 billion quarterly sales and increased its dividend from $1.51 to $1.63, supported by strong demand in power generation and construction. Exxon Mobil reported strong earnings and cash flow but has higher capital expenditures, limiting its dividend growth despite a 43-year streak of increases. Caterpillar's lower payout yield of 0.75% contrasts with Exxon's 2.58%, but Caterpillar has more room to raise dividends due to its growth and lower capex. Investors seeking dividend growth may prefer Caterpillar, while income-focused investors might favor Exxon for its steady yield and history.

Caterpillar's recent dividend hike comes as the stock trades at USD 798.00 on Pluang, down 1.73% for the day as of Sep 24, 2026 20:42 WIB, with a dividend yield of 0.8%. Exxon Mobil, offering a higher yield of 2.56%, is priced at USD 163.72 and gained 1.51% in the same period. On Pluang, Caterpillar sees full buy interest while Exxon has 72% buy orders, reflecting differing investor preferences between growth and income strategies.