Cummins's most recent quarterly dividend of $1.57 per share was on Nov 17, 2022 (ex-date). The annualized payout of $6.04 per share represents a current dividend yield of 2.43%.
Cummins's dividend yield of 2.43% is higher than the Industrials sector, the industry and its peers average. In comparison with the Industrials sector average of 1.45%, Cummins's dividend yield is 68% higher. The current dividend yield is lower than the historical average of 2.7% of the last 5 years.
Cummins has a history of paying dividends since 1994. Our records of CMI show that the company has issued four quarterly dividends in the last twelve months. The annualized DPS has increased by 8% for the last year. But since the stock price has gone up by 13% from a year ago, the dividend yield has decreased by 4.1%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Nov 17, 2022 | Dec 1, 2022 | Oct 11, 2022 | $1.57 | normal |
| Aug 18, 2022 | Sep 1, 2022 | Jul 12, 2022 | $1.57 | normal |
| May 19, 2022 | Jun 2, 2022 | May 10, 2022 | $1.45 | normal |
| Feb 17, 2022 | Mar 3, 2022 | Feb 8, 2022 | $1.45 | normal |
| Nov 18, 2021 | Dec 2, 2021 | Oct 12, 2021 | $1.45 | normal |
| Aug 19, 2021 | Sep 2, 2021 | Jul 13, 2021 | $1.45 | normal |
| May 20, 2021 | Jun 3, 2021 | May 11, 2021 | $1.35 | normal |
| Feb 18, 2021 | Mar 4, 2021 | Feb 9, 2021 | $1.35 | normal |
| Nov 19, 2020 | Dec 3, 2020 | Oct 13, 2020 | $1.35 | normal |
| Aug 20, 2020 | Sep 3, 2020 | Jul 14, 2020 | $1.311 | normal |
| May 21, 2020 | Jun 4, 2020 | May 12, 2020 | $1.311 | normal |
| Feb 20, 2020 | Mar 5, 2020 | Feb 11, 2020 | $1.311 | normal |
| Nov 13, 2019 | Dec 2, 2019 | Oct 7, 2019 | $1.311 | normal |
| Aug 20, 2019 | Sep 3, 2019 | Jul 9, 2019 | $1.311 | normal |
| May 23, 2019 | Jun 5, 2019 | May 14, 2019 | $1.14 | normal |
| Feb 21, 2019 | Mar 7, 2019 | Feb 12, 2019 | $1.14 | normal |
| Nov 14, 2018 | Dec 3, 2018 | Oct 9, 2018 | $1.14 | normal |
| Aug 21, 2018 | Sep 4, 2018 | Jul 10, 2018 | $1.14 | normal |
| May 17, 2018 | Jun 1, 2018 | May 14, 2018 | $1.08 | normal |
| Feb 22, 2018 | Mar 8, 2018 | Feb 13, 2018 | $1.08 | normal |
| Nov 16, 2017 | Dec 1, 2017 | Oct 10, 2017 | $1.08 | normal |
| Aug 16, 2017 | Sep 1, 2017 | Jul 11, 2017 | $1.08 | normal |
| May 17, 2017 | Jun 1, 2017 | May 9, 2017 | $1.025 | normal |
| Feb 22, 2017 | Mar 6, 2017 | Feb 14, 2017 | $1.025 | normal |
| Nov 17, 2016 | Dec 1, 2016 | Oct 11, 2016 | $1.025 | normal |
| Aug 18, 2016 | Sep 1, 2016 | Jul 12, 2016 | $1.025 | normal |
| May 18, 2016 | Jun 1, 2016 | May 10, 2016 | $0.975 | normal |
| Feb 17, 2016 | Mar 1, 2016 | Feb 9, 2016 | $0.975 | normal |
| Nov 18, 2015 | Dec 1, 2015 | Oct 13, 2015 | $0.975 | normal |
| Aug 19, 2015 | Sep 1, 2015 | Jul 14, 2015 | $0.975 | normal |
Cummins's payout ratio of 44.7% is above the Industrials sector and the industry average. In comparison with its Industrials sector average of 27.4%, Cummins's payout ratio is 63% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| CMI Cummins Inc | 2.43% | $6.04 | 44.7% |
| CAT Caterpillar Inc | 1.79% | $4.71 | 34% |
| BWA Borgwarner Inc | 1.46% | $0.68 | 19.7% |
| PCAR Paccar Inc | 1.27% | $1.39 | 18.6% |
| GE General Electric Co | 0.39% | $0.32 | N/A |
Yes, Cummins has been paying dividends for the last 28 years.
Currently CMI's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in February 2023.
Cummins's last dividend ex-date was on Nov 17, 2022. The dividend amount was $1.57 per share.
CMI has paid dividend of $6.04 per share in the last year.
The current dividend yield of Cummins is 2.43%.
Cummins pays four dividends per year.
Cummins's dividend payout ratio is 44.7%.
Cummins's dividend yield is higher than the Industrials sector average.