Cummins India Limited designs, manufactures, distributes, and services engines, generator sets, and related technologies in India. The company operates through three business units: Engine Business, Power Systems Business, and Distribution Business. The Engine Business segment manufactures and markets diesel engines ranging from 50 HP to 600 HP for off-highway applications, as well as off-highway commercial equipment industry comprising construction and compressor. The Power Systems Business segment provides power generation systems in standby and distributed power generation for individual and institutional customers in various segments, such as infrastructure, manufacturing, data centers, rental, healthcare, and hospitality; and integrated power solutions for railways, mining, marine, pumps, oil and gas, and defense sectors, as well as manufactures and exports low kilowatt generator sets; and power generation systems including generator sets, paralleling controls, switchgears, transfer switches, and controls. The Distribution Business segment offers products, services, and solutions for equipment and engines; and provides after-market support services to customers in India, Nepal, and Bhutan. It also exports its products to the United States, Europe, Mexico, Africa, the Middle East, and China. The company was incorporated in 1962 and is headquartered in Pune, India. Cummins India Limited is a subsidiary of Cummins Inc.
Cummins India Dividend Announcement
• Cummins India announced a semi annually dividend of ₹20.00 per ordinary share which will be made payable on 2024-08-30. Ex dividend date: 2024-07-19
• Cummins India annual dividend for 2024 was ₹38.00
• Cummins India annual dividend for 2023 was ₹25.00
• Cummins India's trailing twelve-month (TTM) dividend yield is 1.04%
• Cummins India's dividend growth over the last five years (2018-2023) was 10.76% year
• Cummins India's dividend growth over the last ten years (2013-2023) was 6.76% year
Cummins India Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-07-19 | ₹20.00 | semi annually | 2024-08-30 |
| 2024-02-21 | ₹18.00 | semi annually | |
| 2023-07-26 | ₹13.00 | semi annually | 2023-08-31 |
| 2023-02-21 | ₹12.00 | semi annually | 2023-03-08 |
| 2022-08-02 | ₹10.50 | semi annually | 2022-09-06 |
| 2022-02-21 | ₹8.00 | semi annually | 2022-03-09 |
| 2021-08-04 | ₹8.00 | semi annually | 2021-09-07 |
| 2021-02-09 | ₹7.00 | semi annually | 2021-02-24 |
| 2020-08-17 | ₹7.00 | semi annually | 2020-09-21 |
| 2020-02-07 | ₹7.00 | semi annually | 2020-02-26 |
| 2019-07-31 | ₹10.00 | semi annually | 2019-09-05 |
| 2019-02-15 | ₹7.00 | semi annually | 2019-03-06 |
| 2018-08-02 | ₹10.00 | semi annually | 2018-09-07 |
| 2018-02-15 | ₹5.00 | semi annually | 2018-03-01 |
| 2017-07-27 | ₹9.00 | semi annually | 2017-09-01 |
| 2017-02-09 | ₹5.00 | semi annually | 2017-03-01 |
| 2016-07-28 | ₹9.00 | semi annually | 2016-09-01 |
| 2016-02-11 | ₹5.00 | semi annually | 2016-03-01 |
| 2015-07-30 | ₹9.00 | semi annually | 2015-09-03 |
| 2014-09-18 | ₹5.00 | semi annually | 2014-10-09 |
| 2014-07-24 | ₹8.00 | semi annually | 2014-08-28 |
| 2014-02-13 | ₹5.00 | semi annually | 2014-03-04 |
| 2013-07-25 | ₹8.00 | semi annually | 2013-08-29 |
| 2013-02-11 | ₹5.00 | semi annually | 2013-02-28 |
Cummins India Dividend per year
Cummins India Dividend growth
Cummins India Dividend Yield
Cummins India current trailing twelve-month (TTM) dividend yield is 1.04%. Interested in purchasing Cummins India stock? Use our calculator to estimate your expected dividend yield:
Cummins India Financial Ratios
P/E ratio55.39
PEG ratio0.55
P/B ratio15.32
ROE28.83%
Payout ratio0.00%
Current ratio0.00
Quick ratio0.00
Cash Ratio0.00
Cummins India Dividend FAQ
How much is the next Cummins India dividend?
Cummins India'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 India dividend. The next Cummins India dividend will be released in February, or July.
When is Cummins India dividend paid?
Cummins India pays dividends on a semi annually basis. The specific dates may vary each year but are generally around February, and July. 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 India pay?
The specific amount of Cummins India 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 India's dividend history.
Does Cummins India stock pay dividends?
Yes, Cummins India 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 India's dividend history.
How much dividend does Cummins India pay?
Cummins India paid ₹38.0 in 2024, ₹25.0 in 2023, ₹18.5 in 2022, ₹15.0 in 2021, and ₹14.0 in 2020.
How often does Cummins India pay dividends?
Cummins India typically pays dividends on a semi annually basis. This means that dividends are usually distributed 2 times a year. The specific payout dates may vary each year but generally fall around February, and July.
What is Cummins India's dividend yield?
The current dividend yield for Cummins India is 1.04%. 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 India's exact dividend yield.
When does Cummins India go ex dividend?
Cummins India's ex-dividend date for the latest dividend was on 2024-07-19. Cummins India 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 India dividend paid?
Cummins India pays dividends on a semi annually basis, typically around February, or July, but the exact dates can vary each year.
Will Cummins India 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 India 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 India dividend per share?
Cummins India paid ₹38.0 per share in 2024 and ₹25.0 per share in 2023. The amount of dividend per share that Cummins India 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 India 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 India 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 India a dividend stock?
Yes, Cummins India is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Cummins India a good dividend stock?
Whether Cummins India 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 India has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Cummins India 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 India 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 India pay dividends monthly?
Cummins India typically pays dividends on a semi annually basis.
Does Cummins India pay dividends quarterly?
Cummins India currently pays dividends on a semi annually basis.
Has Cummins India ever paid a dividend?
Yes, Cummins India has a history of paying dividends to its shareholders. Cummins India is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Cummins India dividend stocks?
To buy Cummins India 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 India 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 India 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 India pay dividends 2024?
Cummins India pays dividends on a semi annually basis. 2024 dividend payments are in 2024-08-30. 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 India increase its dividend in 2024?
Decisions regarding Cummins India 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 India dividend overview you can look into the above table of dividend history.
How Cummins India dividend works?
The Cummins India 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 India's dividend process works:
1. Determination of Dividend: Cummins India'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 India 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 India 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 India 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 India'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 India 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 India 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 India 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 India dividends paid?
Cummins India dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Cummins India 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 India 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 India 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 India 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 India 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 India 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 India pay dividends?
Cummins India typically pays dividends on a semi annually 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 India pay dividends?
The general pattern is that Cummins India pays dividends around February, and July. 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 India dividend safe?
The safety of Cummins India'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 India'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 India'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 India'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 India'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.