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Cummins (CMI) Dividend Yield, Date & History

$290.38
+7.21 (+2.55%)
(As of 07/26/2024 ET)

Dividend Summary

Dividend Yield
2.31%
Annual Dividend
$6.72
Dividend Increase
Track Record
19 Years
Annualized 3-Year
Dividend Growth
7.15%
Dividend Payout Ratio
49.19%
Next
Dividend Payment
Sep. 5
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Cummins vs. The Competition

TypeCumminsAuto CompaniesNYSE Companies
Annual Dividend$6.72$1.09$1.54
Dividend Yield2.31%285.73%350.91%
Annualized 3-Year Dividend Growth7.15%1,648.71%1,555.21%
Track Record19 years18 years23 years

Cummins Dividend Payout Ratio

TypePayout Ratio
Based on Trailing 12 Months of Earnings49.19%
Based on This Year's Estimates36.11%
Based on Next Year's Estimates31.20%
Based on Cashflow24.09%

Cummins Dividend History by Quarter

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/9/2024quarterly$1.822.71%8/23/20248/23/20249/5/2024
5/14/2024quarterly$1.682.28%5/23/20245/24/20246/6/2024
2/13/2024quarterly$1.682.64%2/22/20242/23/20243/7/2024
10/10/2023quarterly$1.682.93%11/22/202311/24/202312/7/2023
7/11/2023quarterly$1.683%8/24/20238/25/20239/7/2023
5/9/2023quarterly$1.572.84%5/18/20235/19/20236/1/2023
2/14/2023quarterly$1.572.53%2/23/20232/24/20233/9/2023
10/11/2022quarterly$1.572.85%11/17/202211/18/202212/1/2022
7/12/2022quarterly$1.573.12%8/18/20228/19/20229/1/2022
5/10/2022quarterly$1.452.94%5/19/20225/20/20226/2/2022
2/8/2022quarterly$1.452.6%2/17/20222/18/20223/3/2022
10/12/2021quarterly$1.452.52%11/18/202111/19/202112/2/2021
7/13/2021quarterly$1.452.4%8/19/20218/20/20219/2/2021
5/11/2021quarterly$1.352.04%5/20/20215/21/20216/3/2021
2/9/2021quarterly$1.352.2%2/18/20212/19/20213/4/2021
10/13/2020quarterly$1.352.45%11/19/202011/20/202012/3/2020
7/14/2020quarterly$1.31102.94%8/20/20208/21/20209/3/2020
5/12/2020quarterly$1.31103.41%5/21/20205/22/20206/4/2020
2/11/2020quarterly$1.31103.18%2/20/20202/21/20203/5/2020
10/7/2019Quarterly$1.31103.42%11/13/201911/14/201912/2/2019
7/9/2019quarterly$1.31103.14%8/20/20198/21/20199/3/2019
5/14/2019quarterly$1.142.84%5/23/20195/24/20196/5/2019
2/12/2019quarterly$1.143%2/21/20192/22/20193/7/2019
10/9/2018quarterly$1.143.02%11/14/201811/15/201812/3/2018
7/10/2018quarterly$1.143.33%8/21/20188/22/20189/4/2018
5/8/2018quarterly$1.082.96%5/17/20185/18/20186/1/2018
2/13/2018quarterly$1.082.60822314798044%2/22/20182/23/20183/8/2018
10/10/2017quarterly$1.082.51%11/16/201711/17/201712/1/2017
7/11/2017quarterly$1.082.61%8/16/20178/18/20179/1/2017
5/9/2017quarterly$1.02502.58%5/17/20175/19/20176/1/2017
2/14/2017quarterly$1.02502.7%2/22/20172/24/20173/6/2017
10/11/2016quarterly$1.02503.21%11/17/201611/21/201612/1/2016
7/12/2016quarterly$0.97503.47%8/18/20168/22/20169/1/2016
5/10/2016quarterly$0.97503.4%5/18/20165/20/20166/1/2016
2/9/2016quarterly$0.97504.05%2/17/20162/19/20163/1/2016
10/13/2015quarterly$0.97503.57%11/18/201511/20/201512/1/2015
7/14/2015quarterly$0.97503%8/19/20158/21/20159/1/2015
5/12/2015quarterly$0.782.19%5/19/20155/21/20156/1/2015
5/1/2015Quarterly$0.01254.63%5/1/20155/21/20155/21/2015
2/8/2015quarterly$0.782.31%2/13/20152/18/20153/2/2015
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10/14/2014quarterly$0.782.43%11/18/201411/20/201412/1/2014
7/8/2014quarterly$0.782.02%8/20/20148/22/20149/2/2014
5/13/2014quarterly$0.62501.65%5/21/20145/23/20146/2/2014
2/11/2014quarterly$0.62501.8%2/19/20142/21/20143/3/2014
10/15/2013quarterly$0.62501.88%11/19/201311/21/201312/2/2013
7/9/2013quarterly$0.62502.2%8/20/20138/22/20139/3/2013
5/14/2013quarterly$0.501.74%5/22/20135/24/20136/3/2013
2/12/2013quarterly$0.501.68%2/20/20132/22/20133/1/2013
(Data available from 1/1/2013 forward)

Cummins Dividend - Frequently Asked Questions

What is Cummins's dividend yield?

The current dividend yield for Cummins is 2.31%. Learn more on CMI's dividend yield history.

How much is Cummins's annual dividend?

The annual dividend for CMI shares is $6.72. Learn more on CMI's annual dividend history.

How often does Cummins pay dividends?

Cummins pays quarterly dividends to shareholders.

When is Cummins's next dividend payment?

Cummins's next quarterly dividend payment of $1.82 per share will be made to shareholders on Thursday, September 5, 2024.

When was Cummins's most recent dividend payment?

Cummins's most recent quarterly dividend payment of $1.68 per share was made to shareholders on Thursday, June 6, 2024.

When is Cummins's ex-dividend date?

Cummins's next ex-dividend date is Friday, August 23, 2024.

When was Cummins's most recent ex-dividend date?

Cummins's most recent ex-dividend date was Thursday, May 23, 2024.

Is Cummins's dividend growing?

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

What track record does Cummins have of raising its dividend?

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

When did Cummins last increase or decrease its dividend?

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

What is Cummins's dividend payout ratio?
The dividend payout ratio for CMI is:
  • 49.19% based on the trailing year of earnings
  • 36.11% based on this year's estimates
  • 31.20% based on next year's estimates
  • 24.09% based on cash flow
Is Cummins a good dividend stock?

Cummins' dividend yield of 2.39% 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 49.19% is at a healthy, sustainable level, below 75% of its earnings.

This page (NYSE:CMI) was last updated on 7/27/2024 by MarketBeat.com Staff

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