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CMI Cummins dividend history, payout ratio & dates

Cummins's most recent dividend of $1.82 per share was on Aug 23, 2024 (ex-date). The annualized payout of $6.86 per share represents a current dividend yield of 2.07%. The latest CMI distribution of $1.82 marks a dividend growth of 8%.

Key dates

  • CMI last dividend date: Aug 23, 2024
CMI dividend stats
DPS
$6.86
Dividend yield
2.06%
Payout ratio
49.2%
vs. Industrials sector
Dividend yield
1.38%
Payout ratio
30.7%

Dividend yield

What is Cummins current dividend yield

Cummins's dividend yield of 2.07% is higher than the Industrials sector, the industry and its peers average. In comparison with the Industrials sector average of 1.38%, Cummins's dividend yield is 50% higher. The current dividend yield is lower than the historical average of 2.6% 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 7% for the last year. But since the stock price has gone up by 54% from a year ago, the dividend yield has decreased by 30%.

Recent dividends

Ex-date Amount Yield (TTM)
Aug 23, 2024 $1.82 2.22%
May 23, 2024 $1.68 2.37%
Feb 22, 2024 $1.68 2.51%
Nov 22, 2023 $1.68 2.9%
Aug 24, 2023 $1.68 2.77%
May 18, 2023 $1.57 2.93%
Feb 23, 2023 $1.57 2.49%
Nov 17, 2022 $1.57 2.43%
Aug 18, 2022 $1.57 2.57%
May 19, 2022 $1.45 2.87%
Feb 17, 2022 $1.45 2.61%
Nov 18, 2021 $1.45 2.46%
Aug 19, 2021 $1.45 2.38%
May 20, 2021 $1.35 2.1%
Feb 18, 2021 $1.35 2.2%
Nov 19, 2020 $1.35 2.27%
Aug 20, 2020 $1.311 2.51%
May 21, 2020 $1.311 3.33%
Feb 20, 2020 $1.311 3.04%
Nov 13, 2019 $1.311 2.71%
Aug 20, 2019 $1.311 3.24%
May 23, 2019 $1.14 2.86%
Feb 21, 2019 $1.14 2.92%
Nov 14, 2018 $1.14 3.04%
Aug 21, 2018 $1.14 3.01%
May 17, 2018 $1.08 2.95%
Feb 22, 2018 $1.08 2.55%
Nov 16, 2017 $1.08 2.52%
Aug 16, 2017 $1.08 2.69%
May 17, 2017 $1.025 2.67%
Feb 22, 2017 $1.025 2.66%
Nov 17, 2016 $1.025 2.95%
Aug 18, 2016 $1.025 3.13%
May 18, 2016 $0.975 3.52%
Feb 17, 2016 $0.975 3.8%
Nov 18, 2015 $0.975 3.57%
Aug 19, 2015 $0.975 2.6%
May 19, 2015 $0.78 2.22%
Feb 13, 2015 $0.78 2.13%

Cummins dividend payout ratio

What is Cummins dividend payout ratio compared to the sector

Payout ratio

Cummins's payout ratio of 49.2% is above the Industrials sector, the industry and its peers average. In comparison with its Industrials sector average of 30.7%, Cummins's payout ratio is 60% 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
PCAR Paccar Inc 4.1% $4.34 45.8%
CMI Cummins Inc 2.06% $6.86 49.2%
CAT Caterpillar Inc 1.42% $5.42 24.6%
BWA Borgwarner Inc 1.3% $0.44 14.1%
GE General Electric Co 0.52% $0.92 16%

Frequently asked questions

Does Cummins pay a dividend?

Yes, Cummins has been paying dividends for the last 30 years.

When was CMI's last dividend?

Cummins's last dividend ex-date was on Aug 23, 2024. The dividend amount was $1.82 per share.

How much dividend does Cummins pay (per share)?

CMI has paid dividend of $6.86 per share in the last year.

What is Cummins's dividend yield?

The current dividend yield of Cummins is 2.07%.

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 49.2%.

Does Cummins pay a good dividend?

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

Special dividends are included in TTM DPS and yield. Data from and Sharadar.