Cummins's most recent quarterly dividend of $1.68 per share was on May 23, 2024 (ex-date). The annualized payout of $6.72 per share represents a current dividend yield of 2.37%.
Cummins's dividend yield of 2.37% is higher than the Industrials sector, the industry and its peers average. In comparison with the Industrials sector average of 1.41%, Cummins's dividend yield is 68% higher. The current dividend yield is lower than the historical average of 2.6% 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 7% for the last year. But since the stock price has gone up by 10% from a year ago, the dividend yield has decreased by 2.7%.
Ex-date | Payment date | Declared on | Amount | Type |
---|---|---|---|---|
May 23, 2024 | Jun 6, 2024 | May 14, 2024 | $1.68 | normal |
Feb 22, 2024 | Mar 7, 2024 | Feb 13, 2024 | $1.68 | normal |
Nov 22, 2023 | Dec 7, 2023 | Oct 10, 2023 | $1.68 | normal |
Aug 24, 2023 | Sep 7, 2023 | Jul 11, 2023 | $1.68 | normal |
May 18, 2023 | Jun 1, 2023 | May 9, 2023 | $1.57 | normal |
Feb 23, 2023 | Mar 9, 2023 | Feb 14, 2023 | $1.57 | normal |
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 49% is above the Industrials sector, the industry and its peers average. In comparison with its Industrials sector average of 32.7%, Cummins's payout ratio is 50% higher.
Name | Dividend yield | DPS | Payout ratio |
---|---|---|---|
CMI Cummins Inc | 2.31% | $6.72 | 49% |
CAT Caterpillar Inc | 1.52% | $5.31 | 23.9% |
BWA Borgwarner Inc | 1.34% | $0.44 | 16.6% |
PCAR Paccar Inc | 1.12% | $1.11 | 11.5% |
GE General Electric Co | 0.42% | $0.72 | 16.9% |
Yes, Cummins has been paying dividends for the last 30 years.
CMI's next dividend is scheduled on Aug 23, 2024 (ex-date).
Cummins's last dividend ex-date was on May 23, 2024. The dividend amount was $1.68 per share.
CMI has paid dividend of $6.72 per share in the last year.
The current dividend yield of Cummins is 2.37%.
Cummins pays four dividends per year.
Cummins's dividend payout ratio is 49%.
Cummins's dividend yield is higher than the Industrials sector average.