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CMI Cummins dividend history, payout ratio & dates

Cummins's most recent quarterly dividend of $1.57 per share was on Aug 18, 2022 (ex-date). The annualized payout of $5.92 per share represents a current dividend yield of 2.89%. The latest CMI distribution of $1.57 marks a dividend growth of 8%.

Key dates

  • CMI last dividend date: Aug 18, 2022
  • CMI next dividend date: Not announced
CMI dividend stats
DPS
$5.92
Dividend yield
2.89%
Payout ratio
41.1%
vs. Industrials sector
Dividend yield
1.69%
Payout ratio
28.8%

Dividend yield

What is Cummins current dividend yield

Cummins's dividend yield of 2.89% is higher than the Industrials sector, the industry and its peers average. In comparison with the Industrials sector average of 1.69%, Cummins's dividend yield is 71% higher. The current dividend yield is higher than the historical average of 2.7% of the last 5 years.

Dividend history

What is CMI dividend payout history and dates

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. And since the stock price has gone down by 11% from a year ago, the dividend yield has increased by 21%.

Recent dividends

Ex-date Payment date Declared on Amount Type
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 dividend payout ratio

What is Cummins dividend payout ratio compared to the sector

Payout ratio

Cummins's payout ratio of 41.1% is above the Industrials sector and the industry average. In comparison with its Industrials sector average of 28.8%, Cummins's payout ratio is 43% higher.

Total amount of dividends paid per financial year (from cash flow)

CMI dividend vs peer dividends

How does CMI dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
CMI Cummins Inc 2.89% $5.92 41.1%
CAT Caterpillar Inc 2.73% $4.53 36%
BWA Borgwarner Inc 2.15% $0.68 25.3%
PCAR Paccar Inc 1.6% $1.36 21.4%
GE General Electric Co 0.51% $0.32 N/A

Frequently asked questions

Does Cummins pay a dividend?

Yes, Cummins has been paying dividends for the last 28 years.

When is Cummins's next dividend?

Currently CMI's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in November 2022.

When was CMI's last dividend?

Cummins's last dividend ex-date was on Aug 18, 2022. The dividend amount was $1.57 per share.

How much dividend does Cummins pay (per share)?

CMI has paid dividend of $5.92 per share in the last year.

What is Cummins's dividend yield?

The current dividend yield of Cummins is 2.89%.

How often does Cummins pay dividends?

Cummins pays four dividends per year.

What is Cummins's dividend payout ratio?

Cummins's dividend payout ratio is 41.1%.

Does Cummins pay a good dividend?

Cummins's dividend yield is higher than the Industrials sector average.