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
vs. Industrials sector
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
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
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
| 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.