Cummins (CMI) Dividend Yield, Date & History

$303.83

+3.52 (+1.17%)

(As of 08/21/2024 ET)

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Dividend Yield: 2.40%
Annual Dividend: $7.28
Dividend Increase Track Record: 19 Years
Annualized 3-Year Dividend Growth: 7.15%
Dividend Payout Ratio: 53.29%
Next Dividend Payment: Sep. 5

CMI Dividend Payments

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CMI Dividend Yield Over Time

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Cummins vs. The Competition

Type	Cummins	Auto Companies	NYSE Companies
Annual Dividend	$7.28	$1.06	$1.39
Dividend Yield	2.40%	316.52%	352.35%
Annualized 3-Year Dividend Growth	7.15%	17.88%	15.61%
Track Record	19 years	18 years	23 years

Cummins Dividend Payout Ratio

Type	Payout Ratio
Based on Trailing 12 Months of Earnings	53.29%
Based on This Year's Estimates	39.12%
Based on Next Year's Estimates	33.80%
Based on Cashflow	27.12%

Cummins Dividend History by Quarter

Announced	Period	Amount	Yield	Ex-Dividend Date	Record Date	Payable Date
7/9/2024	quarterly	$1.82	2.71%	8/23/2024	8/23/2024	9/5/2024
5/14/2024	quarterly	$1.68	2.28%	5/23/2024	5/24/2024	6/6/2024
2/13/2024	quarterly	$1.68	2.64%	2/22/2024	2/23/2024	3/7/2024
10/10/2023	quarterly	$1.68	2.93%	11/22/2023	11/24/2023	12/7/2023
7/11/2023	quarterly	$1.68	3%	8/24/2023	8/25/2023	9/7/2023
5/9/2023	quarterly	$1.57	2.84%	5/18/2023	5/19/2023	6/1/2023
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2/14/2023	quarterly	$1.57	2.53%	2/23/2023	2/24/2023	3/9/2023
10/11/2022	quarterly	$1.57	2.85%	11/17/2022	11/18/2022	12/1/2022
7/12/2022	quarterly	$1.57	3.12%	8/18/2022	8/19/2022	9/1/2022
5/10/2022	quarterly	$1.45	2.94%	5/19/2022	5/20/2022	6/2/2022
2/8/2022	quarterly	$1.45	2.6%	2/17/2022	2/18/2022	3/3/2022
10/12/2021	quarterly	$1.45	2.52%	11/18/2021	11/19/2021	12/2/2021
7/13/2021	quarterly	$1.45	2.4%	8/19/2021	8/20/2021	9/2/2021
5/11/2021	quarterly	$1.35	2.04%	5/20/2021	5/21/2021	6/3/2021
2/9/2021	quarterly	$1.35	2.2%	2/18/2021	2/19/2021	3/4/2021
10/13/2020	quarterly	$1.35	2.45%	11/19/2020	11/20/2020	12/3/2020
7/14/2020	quarterly	$1.3110	2.94%	8/20/2020	8/21/2020	9/3/2020
5/12/2020	quarterly	$1.3110	3.41%	5/21/2020	5/22/2020	6/4/2020
2/11/2020	quarterly	$1.3110	3.18%	2/20/2020	2/21/2020	3/5/2020
10/7/2019	Quarterly	$1.3110	3.42%	11/13/2019	11/14/2019	12/2/2019
7/9/2019	quarterly	$1.3110	3.14%	8/20/2019	8/21/2019	9/3/2019
5/14/2019	quarterly	$1.14	2.84%	5/23/2019	5/24/2019	6/5/2019
2/12/2019	quarterly	$1.14	3%	2/21/2019	2/22/2019	3/7/2019
10/9/2018	quarterly	$1.14	3.02%	11/14/2018	11/15/2018	12/3/2018
7/10/2018	quarterly	$1.14	3.33%	8/21/2018	8/22/2018	9/4/2018
5/8/2018	quarterly	$1.08	2.96%	5/17/2018	5/18/2018	6/1/2018
2/13/2018	quarterly	$1.08	2.60822314798044%	2/22/2018	2/23/2018	3/8/2018
10/10/2017	quarterly	$1.08	2.51%	11/16/2017	11/17/2017	12/1/2017
7/11/2017	quarterly	$1.08	2.61%	8/16/2017	8/18/2017	9/1/2017
5/9/2017	quarterly	$1.0250	2.58%	5/17/2017	5/19/2017	6/1/2017
2/14/2017	quarterly	$1.0250	2.7%	2/22/2017	2/24/2017	3/6/2017
10/11/2016	quarterly	$1.0250	3.21%	11/17/2016	11/21/2016	12/1/2016
7/12/2016	quarterly	$0.9750	3.47%	8/18/2016	8/22/2016	9/1/2016
5/10/2016	quarterly	$0.9750	3.4%	5/18/2016	5/20/2016	6/1/2016
2/9/2016	quarterly	$0.9750	4.05%	2/17/2016	2/19/2016	3/1/2016
10/13/2015	quarterly	$0.9750	3.57%	11/18/2015	11/20/2015	12/1/2015
7/14/2015	quarterly	$0.9750	3%	8/19/2015	8/21/2015	9/1/2015
5/12/2015	quarterly	$0.78	2.19%	5/19/2015	5/21/2015	6/1/2015
5/1/2015	Quarterly	$0.0125	4.63%	5/1/2015	5/21/2015	5/21/2015
2/8/2015	quarterly	$0.78	2.31%	2/13/2015	2/18/2015	3/2/2015
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10/14/2014	quarterly	$0.78	2.43%	11/18/2014	11/20/2014	12/1/2014
7/8/2014	quarterly	$0.78	2.02%	8/20/2014	8/22/2014	9/2/2014
5/13/2014	quarterly	$0.6250	1.65%	5/21/2014	5/23/2014	6/2/2014
2/11/2014	quarterly	$0.6250	1.8%	2/19/2014	2/21/2014	3/3/2014
10/15/2013	quarterly	$0.6250	1.88%	11/19/2013	11/21/2013	12/2/2013
7/9/2013	quarterly	$0.6250	2.2%	8/20/2013	8/22/2013	9/3/2013
5/14/2013	quarterly	$0.50	1.74%	5/22/2013	5/24/2013	6/3/2013
2/12/2013	quarterly	$0.50	1.68%	2/20/2013	2/22/2013	3/1/2013

(Data available from 1/1/2013 forward)

Cummins Dividend - Frequently Asked Questions

What is Cummins's dividend yield?: The current dividend yield for Cummins is 2.40%. Learn more on CMI's dividend yield history.
How much is Cummins's annual dividend?: The annual dividend for CMI shares is $7.28. Learn more on CMI's annual dividend history.
How often does Cummins pay dividends?: Cummins pays quarterly dividends to shareholders.
When is Cummins's next dividend payment?: Cummins's next quarterly dividend payment of $1.82 per share will be made to shareholders on Thursday, September 5, 2024.
When was Cummins's most recent dividend payment?: Cummins's most recent quarterly dividend payment of $1.68 per share was made to shareholders on Thursday, June 6, 2024.
When is Cummins's ex-dividend date?: Cummins's next ex-dividend date is Friday, August 23, 2024.
When was Cummins's most recent ex-dividend date?: Cummins's most recent ex-dividend date was Thursday, May 23, 2024.
Is Cummins's dividend growing?: Over the past three years, the company's dividend has grown by an average of 7.15% per year.
What track record does Cummins have of raising its dividend?: Cummins has increased its dividend for the past 19 consecutive years.
When did Cummins last increase or decrease its dividend?: The most recent change in the company's dividend was an increase of $0.14 on Tuesday, July 9, 2024.
What is Cummins's dividend payout ratio?: The dividend payout ratio for CMI is:
53.29% based on the trailing year of earnings

39.12% based on this year's estimates

33.80% based on next year's estimates

27.12% based on cash flow
Is Cummins a good dividend stock?: Cummins' dividend yield of 2.24% is lower than the average Auto/Tires/Trucks company that issues a dividend. The company's 19 consecutive years of dividend growth indicate that the company has a strong committment to maintain and grow its dividend. Cummins' dividend payout ratio of 53.29% is at a healthy, sustainable level, below 75% of its earnings.