Cummins Inc. (CMI) Yield on Cost (YOC): 1.20%
The yield on cost (YOC) for Cummins Inc. (CMI) is 1.20%.
CMI Yield on Cost (YOC) Metrics
YIELD ON COST (YOC)
1.20%
Forward Yield on Cost Projections
If you buy CMI today at the current stock price of $669.23 with a yield of 1.20% and dividends continue to grow at the historical rate (7.7% CAGR), your YOC would be:
Current Yield
1.20%
YOC in 3 Years
1.63%
YOC in 5 Years
2.01%
YOC in 10 Years
3.37%
Interactive Yield on Cost Calculator
Project custom investment returns for Cummins Inc. (CMI) based on your custom cost basis.
Starting Yield
1.20%
Ending YOC
3.62%
Year 15 Dividend
$24.21
Cum. Dividends Recd.
$227.76
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $8.00 | — | 1.20% | $0.00 |
| Year 1 | $8.61 | +7.66% | 1.29% | $8.61 |
| Year 2 | $9.27 | +7.66% | 1.39% | $17.89 |
| Year 3 | $9.98 | +7.66% | 1.49% | $27.87 |
| Year 4 | $10.75 | +7.66% | 1.61% | $38.62 |
| Year 5 | $11.57 | +7.66% | 1.73% | $50.19 |
| Year 6 | $12.46 | +7.66% | 1.86% | $62.64 |
| Year 7 | $13.41 | +7.66% | 2.00% | $76.05 |
| Year 8 | $14.44 | +7.66% | 2.16% | $90.49 |
| Year 9 | $15.54 | +7.66% | 2.32% | $106.04 |
| Year 10 | $16.74 | +7.66% | 2.50% | $122.77 |
| Year 11 | $18.02 | +7.66% | 2.69% | $140.79 |
| Year 12 | $19.40 | +7.66% | 2.90% | $160.19 |
| Year 13 | $20.88 | +7.66% | 3.12% | $181.07 |
| Year 14 | $22.48 | +7.66% | 3.36% | $203.55 |
| Year 15 | $24.21 | +7.66% | 3.62% | $227.76 |
Yield on Cost (YOC) Formula
Formula: Yield on Cost = Annual Dividend / Original Purchase Price × 100
Inputs shown in the projection:
- Original purchase price.
- Annual dividend per share at the starting point.
- Assumed annual dividend growth rate.
- Projected annual dividend divided by original purchase price.
Note: Forward projections assume dividends continue to grow at the designated growth rate. Actual dividend payments are declared by corporate boards and are subject to change.
Cummins Inc. Yield on Cost (YOC) Formula & Definition
Yield on Cost shows the dividend yield based on your original purchase price. As dividends grow, your YOC increases even if the market yield stays the same.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Cummins Inc. Yield on Cost (YOC) FAQ
- What is the yield on cost (YOC) for Cummins Inc. (CMI)?
- The yield on cost (YOC) for CMI stock is 1.20%.
About Cummins Inc.
Cummins Inc. is a global innovator in power solutions, responsible for the design, manufacturing, distribution, and maintenance of a broad array of diesel and natural gas engines, alongside cutting-edge electric and hybrid powertrains, and associated components. Its operations are strategically divided into five segments: Engine, Distribution, Components, Power Systems, and New Power. The company's extensive engine portfolio, available under the Cummins brand and others, powers a vast range of heavy and medium-duty applications, including commercial trucks, buses, recreational vehicles, light-duty automobiles, construction and mining equipment, marine vessels, railway systems, oil and gas operations, defense, and agriculture. Complementing these engines, Cummins provides both new and remanufactured parts and comprehensive servicing. Beyond its core engine offerings, Cummins delivers sophisticated power generation systems, high-horsepower engines, and specialized application engineering. It also offers custom-designed assemblies, retail and wholesale aftermarket components, and expert repair services conducted both in-shop and on-site. The company's technological scope extends to emission control solutions, turbochargers, a variety of filtration systems (for air, fuel, lubricants, and hydraulics), coolants, fuel additives, and advanced electronic control modules, sensors, and supporting software. Fuel systems, both new and reconditioned, are also a key part of their product line, as are automated transmissions. For electrical power generation, Cummins provides standby and primary power generators, complete with controls, paralleling systems, and transfer switches, featuring products like Stamford and AVK A/C alternators. Embracing future energy demands, the company is a frontrunner in electrified power systems, encompassing battery technologies, fuel cells, and hydrogen production. This includes a robust offering of filtration, aftertreatment, control, air handling systems, automated transmissions, electric power generation, and battery solutions. Cummins distributes its diverse product range to original equipment manufacturers, an extensive network of distributors and dealers, and various other clientele worldwide. Founded in 1919 as the Cummins Engine Company, the enterprise adopted its current name, Cummins Inc., in 2001 and maintains its headquarters in Columbus, Indiana.
- Sector
- Industrials
- Industry
- Industrial - Machinery
- CEO
- Jennifer W. Rumsey