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Cummins Inc. (CMI)
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CMI Dividends

Cummins Inc. (CMI) pays $8.00 in dividends per share, with a current dividend yield of 1.27%. The company has dividend history for 20 consecutive years.

CMI Dividend Summary

Consecutive Years

20

Most Recent Ex-Date

May 22, 2026

Most Recent Payment

Jun 4, 2026

CMI Dividends per Share (Nominal History)

View full nominal table list

This step chart displays the nominal dividend payouts over time on their actual payment dates, matching the distribution frequency.

CMI Dividends CAGR Chart

Cummins Inc. (CMI)

Annual Dividend History

YearDividend/ShareYoY Growth
2026(YTD)$4.00
2025$7.64+9.14%
2024$7.00+7.69%
2023$6.50+7.62%
2022$6.04+7.86%
2021$5.60+6.00%
2020$5.28+7.77%
2019$4.90+10.41%
2018$4.44+5.46%
2017$4.21+5.25%
2016$4.00+13.96%
2015$3.51+24.91%
2014$2.81+24.89%
2013$2.25+25.00%
2012$1.80+35.85%
2011$1.33+51.43%
2010$0.88+25.00%
2009$0.70+16.67%
2008$0.60+39.53%
2007$0.43+30.30%

Quarterly Dividend History

QuarterDividend/ShareYoY Growth
Q2 2026$2.00+9.89%
Q1 2026$2.00+9.89%
Q4 2025$2.00+9.89%
Q3 2025$2.00+9.89%
Q2 2025$1.82+8.33%
Q1 2025$1.82+8.33%
Q4 2024$1.82+8.33%
Q3 2024$1.82+8.33%
Q2 2024$1.68+7.01%
Q1 2024$1.68+7.01%
Q4 2023$1.68+7.01%
Q3 2023$1.68+7.01%
Q2 2023$1.57+8.28%
Q1 2023$1.57+8.28%
Q4 2022$1.57+8.28%
Q3 2022$1.57+8.28%
Q2 2022$1.45+7.41%
Q1 2022$1.45+7.41%
Q4 2021$1.45+7.41%
Q3 2021$1.45+10.60%
Q2 2021$1.35+2.97%
Q1 2021$1.35+2.97%
Q4 2020$1.35+2.97%
Q3 2020$1.31+0.00%

Dividend Yield Metrics

Current Yield
1.27%
Average Yield (TTM)
1.27%
Average Yield (3Y)
1.12%
Forward Yield on Cost (3Y)
1.73%
Forward Yield on Cost (5Y)
2.13%
Forward Yield on Cost (10Y)
3.57%

Payout Ratio Analysis

Payout Ratio (Current)
38.80%
FCF Payout Ratio
41.30%
Payout Ratio (3Y Avg)
62.27%
Payout Ratio (5Y Avg)
52.91%
FCF Payout (3Y Avg)
141.45%
FCF Payout (5Y Avg)
112.23%

An FCF payout above 100% means dividends exceeded the period's free cash flow, often because of temporarily depressed FCF (one-off capex or working-capital swings) rather than an unfunded dividend. Compare against the earnings payout ratio and the multi-year trend before drawing a conclusion.

Dividend Coverage

Payout Ratio
38.8%
Dividends / net income
FCF Payout Ratio
41.3%
Dividends / free cash flow
Consecutive Years
20 years
Years with regular dividend payments
5Y Dividend Growth
7.7%
Compound annual dividend growth

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.

Columbus, IN
69,600 employees
Industrials / Industrial - Machinery
Sector
Industrials
Industry
Industrial - Machinery
CEO
Jennifer W. Rumsey