Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. It operates through five segments: Engine, Distribution, Components, Power Systems, and New Power. The company offers diesel and natural gas-powered engines under the Cummins and other customer brands for the heavy and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets; and offers new parts and services, as well as remanufactured parts and engines. It also provides power generation systems, high-horsepower engines, heavy and medium duty engines, application engineering services, custom-designed assemblies, retail and wholesale aftermarket parts, and in-shop and field-based repair services. In addition, the company offers emission solutions; turbochargers; air and fuel filters, fuel water separators, lube and hydraulic filters, coolants, fuel additives, and other filtration systems; and electronic control modules, sensors, and supporting software, as well as new, replacement, and remanufactured fuel systems. Further, it provides automated transmissions; standby and prime power generators, controls, paralleling systems, and transfer switches, as well as A/C generator/alternator products under the Stamford and AVK brands; and electrified power systems with components and subsystems, including battery, fuel cell, and hydrogen production technologies. Additionally, it offers filtration, aftertreatment, controls systems, air handling systems, automated transmissions, electric power generation systems, and batteries. The company sells its products to original equipment manufacturers, distributors, dealers, and other customers. The company was formerly known as Cummins Engine Company and changed its name to Cummins Inc. in 2001. Cummins Inc. was founded in 1919 and is headquartered in Columbus, Indiana.
Cummins Dividend Announcement
• Cummins announced a quarterly dividend of $1.82 per ordinary share which will be made payable on 2024-12-05. Ex dividend date: 2024-11-22
• Cummins annual dividend for 2024 was $7.00
• Cummins annual dividend for 2023 was $6.50
• Cummins's trailing twelve-month (TTM) dividend yield is 1.9%
• Cummins's payout ratio for the trailing twelve months (TTM) is 45.64%
• Cummins's dividend growth over the last five years (2018-2023) was 7.92% year
• Cummins's dividend growth over the last ten years (2013-2023) was 11.19% year
Cummins Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-11-22 | $1.82 | quarterly | 2024-12-05 |
| 2024-08-23 | $1.82 | quarterly | 2024-09-05 |
| 2024-05-23 | $1.68 | quarterly | 2024-06-06 |
| 2024-02-22 | $1.68 | quarterly | 2024-03-07 |
| 2023-11-22 | $1.68 | quarterly | 2023-12-07 |
| 2023-08-24 | $1.68 | quarterly | 2023-09-07 |
| 2023-05-18 | $1.57 | quarterly | 2023-06-01 |
| 2023-02-23 | $1.57 | quarterly | 2023-03-09 |
| 2022-11-17 | $1.57 | quarterly | 2022-12-01 |
| 2022-08-18 | $1.57 | quarterly | 2022-09-01 |
| 2022-05-19 | $1.45 | quarterly | 2022-06-02 |
| 2022-02-17 | $1.45 | quarterly | 2022-03-03 |
| 2021-11-18 | $1.45 | quarterly | 2021-12-02 |
| 2021-08-19 | $1.45 | quarterly | 2021-09-02 |
| 2021-05-20 | $1.35 | quarterly | 2021-06-03 |
| 2021-02-18 | $1.35 | quarterly | 2021-03-04 |
| 2020-11-19 | $1.35 | quarterly | 2020-12-03 |
| 2020-08-20 | $1.31 | quarterly | 2020-09-03 |
| 2020-05-21 | $1.31 | quarterly | 2020-06-04 |
| 2020-02-20 | $1.31 | quarterly | 2020-03-05 |
| 2019-11-13 | $1.31 | quarterly | 2019-12-02 |
| 2019-08-20 | $1.31 | quarterly | 2019-09-03 |
| 2019-05-23 | $1.14 | quarterly | 2019-06-05 |
| 2019-02-21 | $1.14 | quarterly | 2019-03-07 |
| 2018-11-14 | $1.14 | quarterly | 2018-12-03 |
| 2018-08-21 | $1.14 | quarterly | 2018-09-04 |
| 2018-05-17 | $1.08 | quarterly | 2018-06-01 |
| 2018-02-22 | $1.08 | quarterly | 2018-03-08 |
| 2017-11-16 | $1.08 | quarterly | 2017-12-01 |
| 2017-08-16 | $1.08 | quarterly | 2017-09-01 |
| 2017-05-17 | $1.02 | quarterly | 2017-06-01 |
| 2017-02-22 | $1.02 | quarterly | 2017-03-06 |
| 2016-11-17 | $1.02 | quarterly | 2016-12-01 |
| 2016-08-18 | $1.02 | quarterly | 2016-09-01 |
| 2016-05-18 | $0.97 | quarterly | 2016-06-01 |
| 2016-02-17 | $0.97 | quarterly | 2016-03-01 |
| 2015-11-18 | $0.97 | quarterly | 2015-12-01 |
| 2015-08-19 | $0.97 | quarterly | 2015-09-01 |
| 2015-05-19 | $0.78 | quarterly | 2015-06-01 |
| 2015-02-13 | $0.78 | quarterly | 2015-03-02 |
| 2014-11-18 | $0.78 | quarterly | 2014-12-01 |
| 2014-08-20 | $0.78 | quarterly | 2014-09-02 |
| 2014-05-21 | $0.62 | quarterly | 2014-06-02 |
| 2014-02-19 | $0.62 | quarterly | 2014-03-03 |
| 2013-11-19 | $0.62 | quarterly | 2013-12-02 |
| 2013-08-20 | $0.62 | quarterly | 2013-09-03 |
| 2013-05-22 | $0.50 | quarterly | 2013-06-03 |
| 2013-02-20 | $0.50 | quarterly | 2013-03-01 |
Cummins Dividend per year
Cummins Dividend growth
Cummins Dividend Yield
Cummins current trailing twelve-month (TTM) dividend yield is 1.9%. Interested in purchasing Cummins stock? Use our calculator to estimate your expected dividend yield:
Cummins Financial Ratios
P/E ratio24.05
PEG ratio3.89
P/B ratio4.89
ROE22.20%
Payout ratio45.64%
Current ratio1.32
Quick ratio0.79
Cash Ratio0.15
Cummins Dividend FAQ
How much is the next Cummins dividend?
Cummins's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Cummins dividend. The next Cummins dividend will be released in February, May, August, or November.
When is Cummins dividend paid?
Cummins pays dividends on a quarterly basis. The specific dates may vary each year but are generally around February, May, August, and November. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Cummins pay?
The specific amount of Cummins dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Cummins's dividend history.
Does Cummins stock pay dividends?
Yes, Cummins does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Cummins's dividend history.
How much dividend does Cummins pay?
Cummins paid $7.0 in 2024, $6.5 in 2023, $6.04 in 2022, $5.6 in 2021, and $5.283 in 2020.
How often does Cummins pay dividends?
Cummins typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around February, May, August, and November.
What is Cummins's dividend yield?
The current dividend yield for Cummins is 1.9%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Cummins's exact dividend yield.
When does Cummins go ex dividend?
Cummins's ex-dividend date for the latest dividend was on 2024-11-22. Cummins typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Cummins dividend paid?
Cummins pays dividends on a quarterly basis, typically around February, May, August, or November, but the exact dates can vary each year.
Will Cummins increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Cummins will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Cummins dividend per share?
Cummins paid $7.0 per share in 2024 and $6.5 per share in 2023. The amount of dividend per share that Cummins pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Cummins a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Cummins a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Cummins a dividend stock?
Yes, Cummins is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Cummins a good dividend stock?
Whether Cummins is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Cummins has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Cummins as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Other factors to consider when evaluating Cummins as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Cummins pay dividends monthly?
Cummins typically pays dividends on a quarterly basis.
Does Cummins pay dividends quarterly?
Cummins currently pays dividends on a quarterly basis.
Has Cummins ever paid a dividend?
Yes, Cummins has a history of paying dividends to its shareholders. Cummins is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Cummins dividend stocks?
To buy Cummins you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Cummins stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy Cummins stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Cummins pay dividends 2024?
Cummins pays dividends on a quarterly basis. 2024 dividend payments are in 2024-12-05. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Cummins increase its dividend in 2024?
Decisions regarding Cummins dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Cummins dividend overview you can look into the above table of dividend history.
How Cummins dividend works?
The Cummins dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Cummins's dividend process works:
1. Determination of Dividend: Cummins's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Cummins publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Cummins distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Cummins are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Determination of Dividend: Cummins's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Cummins publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Cummins distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Cummins are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Cummins dividends paid?
Cummins dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Cummins sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Cummins distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Cummins declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
1. Record Date: Cummins sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Cummins distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Cummins declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Cummins pay dividends?
Cummins typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Cummins pay dividends?
The general pattern is that Cummins pays dividends around February, May, August, and November. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Cummins dividend safe?
The safety of Cummins's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Cummins's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Cummins's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.
To assess the safety of Cummins's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Cummins's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.