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Cummins (CMI) Dividend Yield, Date & History

Cummins logo
$351.38 +1.68 (+0.48%)
(As of 12/20/2024 05:31 PM ET)

Cummins Dividend Summary

Dividend Yield
2.07%
Annual Dividend
$7.28
Recent
Dividend Payment
Dec. 5
Dividend Increase
Track Record
19 Years
Annualized 3-Year
Dividend Growth
7.15%
Dividend Payout Ratio
48.08%

Cummins (CMI) pays an annual dividend of $7.28 per share, with a dividend yield of 2.07%. The next quarterly payment of $1.82 per share was paid on Thursday, December 5, to investors who owned the stock before the ex-dividend date of Friday, November 22. CMI has grown its dividend for 19 consecutive years, with an average annual increase of 2.33%. The company currently pays out 48.08% of its earnings and 28.36% of its cash flow as dividends.

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CMI Dividend Payments by Quarter

The chart below displays up to four years of Cummins' dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

CMI Dividend Yield Over Time

The chart below tracks Cummins' dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

Cummins vs. The Competition

Compare Cummins' annual dividend, yield, and 3-year growth rate with averages for Auto and NYSE companies to evaluate its performance against the market.

TypeCumminsAuto CompaniesNYSE Companies
Annual Dividend$7.28$0.01$1.39
Dividend Yield2.07%3.10%3.58%
Annualized 3-Year Dividend Growth7.15%16.49%15.78%
Track Record19 years18 years24 years

Cummins Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings48.08%
Based on This Year's Estimate35.08%
Based on Next Year's Estimate32.75%
Based on Cashflow28.36%

Cummins Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
10/15/2024quarterly$1.82 - 2.19%11/22/202411/22/202412/5/2024
7/9/2024quarterly$1.82+$0.14
8.33%
2.71%8/23/20248/23/20249/5/2024
5/14/2024quarterly$1.68 - 2.28%5/23/20245/24/20246/6/2024
2/13/2024quarterly$1.68 - 2.64%2/22/20242/23/20243/7/2024
10/10/2023quarterly$1.68 - 2.93%11/22/202311/24/202312/7/2023
7/11/2023quarterly$1.68+$0.11
7.01%
3%8/24/20238/25/20239/7/2023
5/9/2023quarterly$1.57 - 2.84%5/18/20235/19/20236/1/2023
2/14/2023quarterly$1.57 - 2.53%2/23/20232/24/20233/9/2023

This table shows Cummins' quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

Cummins Dividend - Frequently Asked Questions

The current dividend yield for Cummins is 2.07%. Learn more on CMI's dividend yield history.

The annual dividend for CMI shares is $7.28. Learn more on CMI's annual dividend history.

Cummins pays quarterly dividends to shareholders.

Cummins's most recent quarterly dividend payment of $1.82 per share was made to shareholders on Thursday, December 5, 2024.

Cummins's most recent ex-dividend date was Friday, November 22, 2024.

Over the past three years, the company's dividend has grown by an average of 7.15% per year.

Cummins has increased its dividend for the past 19 consecutive years.

The most recent change in the company's dividend was an increase of $0.14 on Tuesday, July 9, 2024.

The dividend payout ratio for CMI is:
  • 48.08% based on the trailing year of earnings
  • 35.08% based on this year's estimates
  • 32.75% based on next year's estimates
  • 28.36% based on cash flow

Cummins' dividend yield of 2.02% is lower than the average Auto/Tires/Trucks company that issues a dividend. The company's 19 consecutive years of dividend growth indicate that the company has a strong committment to maintain and grow its dividend. Cummins' dividend payout ratio of 48.08% is at a healthy, sustainable level, below 75% of its earnings.

Looking at the stock as a whole, market analysts rate Cummins stock as a Hold, forecasting limited upside or downside, with the stock seen as fairly valued at this time.


This page (NYSE:CMI) was last updated on 12/21/2024 by MarketBeat.com Staff
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