Top Industrials Stocks by Dividends Paid
Top industrials companies ranked by dividends paid, latest annual filings.
What Dividends Paid Means for Industrials Companies
Dividends paid is the cash sent to shareholders over the latest fiscal year, taken from the financing section of the cash flow statement. Industrials earn through a cycle, so the payout policy of a machinery, aerospace, or transport company is usually built to survive the trough rather than to track the peak: modest against good-year earnings, and defended when orders thin out. Backlog visibility makes that commitment easier to hold.
Why It Matters in Industrials
Because the payment holds steady while earnings swing, the dividend line is one of the calmer signals in a noisy sector, and a long unbroken record says something about how management runs the balance sheet. A stable total can also hide thinning coverage: the same cash goes out while profits and cash flow fall beneath it, and the ratio only rebuilds when the cycle turns. Coverage through the trough tells you more than the length of the streak.
What to Read Alongside
Read it next to Net Income for the earnings behind the payment, Free Cash Flow for the coverage that matters through a cycle, and Share Buybacks for the flexible part of shareholder returns.
| # | Symbol | Company | Sector | ||
|---|---|---|---|---|---|
| 1 | TDG | TransDigm Group Incorporated | Industrials | $9.63B | $62.45B |
| 2 | UPS | United Parcel Service, Inc. | Industrials | $5.40B | $85.35B |
| 3 | RTX | RTX Corporation | Industrials | $3.57B | $266.49B |
| 4 | UNP | Union Pacific Corporation | Industrials | $3.24B | $176.42B |
| 5 | LMT | Lockheed Martin Corporation | Industrials | $3.13B | $146.73B |
| 6 | HON | Honeywell International Inc. | Industrials | $2.98B | $69.50B |
| 7 | CAT | Caterpillar Inc. | Industrials | $2.75B | $318.15B |
| 8 | PCAR | PACCAR Inc | Industrials | $2.27B | $54.94B |
| 9 | ITW | Illinois Tool Works Inc. | Industrials | $1.78B | $78.67B |
| 10 | DE | Deere & Company | Industrials | $1.72B | $172.90B |
| 11 | ETN | Eaton Corporation plc | Industrials | $1.63B | $144.45B |
| 12 | CNI | Canadian National Railway Company | Industrials | $1.61B | $74.47B |
| 13 | GD | General Dynamics Corporation | Industrials | $1.59B | $96.60B |
| 14 | RELX | RELX PLC | Industrials | $1.59B | $69.75B |
| 15 | MMM | 3M Company | Industrials | $1.56B | $89.11B |
| 16 | GE | GE Aerospace | Industrials | $1.45B | $299.26B |
| 17 | FDX | FedEx Corporation | Industrials | $1.37B | $71.14B |
| 18 | WM | Waste Management, Inc. | Industrials | $1.33B | $96.34B |
| 19 | NOC | Northrop Grumman Corporation | Industrials | $1.29B | $80.32B |
| 20 | NSC | Norfolk Southern Corporation | Industrials | $1.22B | $75.02B |
| 21 | EMR | Emerson Electric Co. | Industrials | $1.19B | $90.20B |
| 22 | CMI | Cummins Inc. | Industrials | $1.05B | $71.88B |
| 23 | FAST | Fastenal Company | Industrials | $1.00B | $60.20B |
| 24 | JCI | Johnson Controls International plc | Industrials | $976.00M | $89.35B |
| 25 | CSX | CSX Corporation | Industrials | $972.00M | $95.05B |
| 26 | PH | Parker-Hannifin Corporation | Industrials | $936.00M | $114.06B |
| 27 | LHX | L3Harris Technologies, Inc. | Industrials | $903.00M | $48.46B |
| 28 | TT | Trane Technologies plc | Industrials | $837.30M | $100.12B |
| 29 | CARR | Carrier Global Corporation | Industrials | $772.00M | $46.52B |
| 30 | RSG | Republic Services, Inc. | Industrials | $738.00M | $73.89B |
| 31 | CTAS | Cintas Corporation | Industrials | $701.49M | $89.71B |
| 32 | OTIS | Otis Worldwide Corporation | Industrials | $647.00M | $28.65B |
| 33 | LTM | LATAM Airlines Group S.A. | Industrials | $605.18M | $13.28B |
| 34 | ROK | Rockwell Automation, Inc. | Industrials | $591.00M | $47.84B |
| 35 | CP | Canadian Pacific Kansas City Limited | Industrials | $580.51M | $78.96B |
| 36 | ZTO | ZTO Express (Cayman) Inc. | Industrials | $537.02M | $14.93B |
| 37 | ZIM | ZIM Integrated Shipping Services Ltd. | Industrials | $515.60M | $3.56B |
| 38 | SWK | Stanley Black & Decker, Inc. | Industrials | $500.60M | $15.01B |
| 39 | FERG | Ferguson Enterprises Inc. | Industrials | $489.00M | $44.40B |
| 40 | WSO | Watsco, Inc. | Industrials | $473.76M | $12.71B |
| 41 | RYAAY | Ryanair Holdings plc | Industrials | $472.54M | $27.45B |
| 42 | GWW | W.W. Grainger, Inc. | Industrials | $467.00M | $63.94B |
| 43 | SUNB | Sunbelt Rentals Holdings, Inc. | Industrials | $464.00M | $32.54B |
| 44 | URI | United Rentals, Inc. | Industrials | $464.00M | $69.83B |
| 45 | SNA | Snap-on Incorporated | Industrials | $462.20M | $18.51B |
| 46 | DAL | Delta Air Lines, Inc. | Industrials | $440.00M | $52.08B |
| 47 | LUV | Southwest Airlines Co. | Industrials | $399.00M | $20.96B |
| 48 | XYL | Xylem Inc. | Industrials | $391.00M | $25.27B |
| 49 | WCN | Waste Connections, Inc. | Industrials | $333.81M | $46.73B |
| 50 | CNH | CNH Industrial N.V. | Industrials | $333.00M | $18.09B |
| 51 | BA | The Boeing Company | Industrials | $331.00M | $148.83B |
| 52 | RTO | Rentokil Initial plc | Industrials | $304.00M | $11.38B |
| 53 | CHRW | C.H. Robinson Worldwide, Inc. | Industrials | $301.38M | $16.18B |
| 54 | AME | AMETEK, Inc. | Industrials | $285.35M | $55.67B |
| 55 | DOV | Dover Corporation | Industrials | $283.01M | $27.27B |
| 56 | BAH | Booz Allen Hamilton Holding Corporation | Industrials | $276.00M | $9.93B |
| 57 | GEV | GE Vernova Inc. | Industrials | $275.00M | $227.75B |
| 58 | CPA | Copa Holdings, S.A. | Industrials | $265.85M | $5.31B |
| 59 | MAS | Masco Corporation | Industrials | $261.00M | $14.89B |
| 60 | RBA | RB Global, Inc. | Industrials | $258.10M | $15.68B |
| 61 | VRSK | Verisk Analytics, Inc. | Industrials | $251.10M | $25.54B |
| 62 | OMAB | Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. | Industrials | $248.24M | $4.78B |
| 63 | GPN | Global Payments Inc. | Industrials | $238.52M | $21.66B |
| 64 | RHI | Robert Half Inc. | Industrials | $238.22M | $4.60B |
| 65 | ODFL | Old Dominion Freight Line, Inc. | Industrials | $235.64M | $37.95B |
| 66 | EFX | Equifax Inc. | Industrials | $232.80M | $20.98B |
| 67 | OC | Owens Corning | Industrials | $232.00M | $9.03B |
| 68 | HII | Huntington Ingalls Industries, Inc. | Industrials | $213.00M | $11.07B |
| 69 | IEX | IDEX Corporation | Industrials | $212.60M | $17.03B |
| 70 | EXPD | Expeditors International of Washington, Inc. | Industrials | $207.44M | $25.53B |
| 71 | HAFN | Hafnia Limited | Industrials | $198.64M | $5.77B |
| 72 | AOS | A. O. Smith Corporation | Industrials | $195.70M | $8.41B |
| 73 | MSM | MSC Industrial Direct Co., Inc. | Industrials | $194.34M | $6.36B |
| 74 | AER | AerCap Holdings N.V. | Industrials | $192.44M | $23.24B |
| 75 | ADT | ADT Inc. | Industrials | $186.77M | $5.03B |
| 76 | POOL | Pool Corporation | Industrials | $184.92M | $7.09B |
| 77 | GGG | Graco Inc. | Industrials | $183.35M | $10.60B |
| 78 | FER | Ferrovial N.V. | Industrials | $183.08M | $36.21B |
| 79 | CSL | Carlisle Companies Incorporated | Industrials | $181.10M | $13.74B |
| 80 | HWM | Howmet Aerospace Inc. | Industrials | $181.00M | $77.51B |
| 81 | NDSN | Nordson Corporation | Industrials | $179.07M | $17.93B |
| 82 | ALLE | Allegion plc | Industrials | $175.30M | $15.16B |
| 83 | LII | Lennox International Inc. | Industrials | $173.00M | $12.64B |
| 84 | WAB | Westinghouse Air Brake Technologies Corporation | Industrials | $173.00M | $46.90B |
| 85 | JBHT | J.B. Hunt Transport Services, Inc. | Industrials | $171.05M | $21.08B |
| 86 | LECO | Lincoln Electric Holdings, Inc. | Industrials | $168.24M | $14.10B |
| 87 | PNR | Pentair plc | Industrials | $164.30M | $8.81B |
| 88 | J | Jacobs Solutions Inc. | Industrials | $153.03M | $17.22B |
| 89 | TTC | The Toro Company | Industrials | $151.10M | $9.98B |
| 90 | TFII | TFI International Inc. | Industrials | $151.09M | $9.19B |
| 91 | R | Ryder System, Inc. | Industrials | $145.00M | $10.78B |
| 92 | DCI | Donaldson Company, Inc. | Industrials | $141.20M | $9.90B |
| 93 | ACM | AECOM | Industrials | $133.57M | $7.81B |
| 94 | NVT | nVent Electric plc | Industrials | $130.40M | $20.91B |
| 95 | OSK | Oshkosh Corporation | Industrials | $130.40M | $8.23B |
| 96 | FTAI | FTAI Aviation Ltd. | Industrials | $128.21M | $16.19B |
| 97 | DLB | Dolby Laboratories, Inc. | Industrials | $126.60M | $5.91B |
| 98 | SFL | SFL Corporation Ltd. | Industrials | $125.11M | $1.77B |
| 99 | LSTR | Landstar System, Inc. | Industrials | $124.76M | $5.61B |
| 100 | FBIN | Fortune Brands Innovations, Inc. | Industrials | $120.60M | $5.13B |
No companies match this search.
This list ranks the total dollars paid out over the latest fiscal year, so the largest companies lead it; a big payout says nothing about the yield a share buys today. A company whose balance sheet runs above 150 times its market cap is left out, because at that gap the accounts are not in US dollars.
How this ranking is built
Companies are ranked by dividends paid as reported in their most recent annual filing with the SEC. Figures shown are in US dollars (or percent, as noted), rounded to two decimals.
- Source: annual 10-K / 20-F filings from companies trading on US exchanges (NYSE, Nasdaq, AMEX).
- Fiscal year: whichever annual period the company has most recently filed. Fiscal years don't always align with the calendar year, so the "as of FY" stamp above reflects the most common year across the table.
- Filtered out: warrants, preferred shares, and duplicate listings that share a parent company's financials.
- Size floor: A company qualifies at $500 million in market cap or above. Below that, one mis-stated figure outranks the companies the list is about.
- Currency check: A company whose annual revenue runs above 15 times its market cap is left out, because at that gap the two figures are not in the same currency.
- Currency check: A company whose balance sheet runs above 150 times its market cap is left out for the same reason.
- Update cadence: refreshed as companies file new annual reports (typically within 60–90 days of fiscal year end).
Not financial advice. This is a research tool, not a recommendation.
Frequently asked questions
Can a company pay more in dividends than it earned?
Yes, and cyclical companies do it deliberately. Holding the payment flat through a downturn pushes the ratio to earnings above the level a board targets in a normal year, funded from cash built up in better years or from borrowing. What matters is how long it lasts, which is why the payment is read against cash flow across several years rather than a single one.
Why do industrial dividends move so little compared with profits?
Boards treat the dividend as a commitment rather than a share of the current year's result, because a cut is read as a signal about the business long after the cycle recovers. Earnings in machinery, aerospace, and transport swing hard with orders and volumes, so the payment is set at a level the trough can carry and raised slowly when backlog and cash flow allow.