Cummins As of July 26, 2022 ticker dps (an.) 2022 hike 2021 hike 2020 hike
CMI $6.28 8.3% 7.4% 3.0%
Business yield Hike yrs 5 yr CAGR freq. paid since
Engines & Power Systems 3.1% 17 7.8% Quarter N/A
Cummins hikes dividend by 7.4%

Cummins (CMI) will raise its quarterly dividend by 7.4 percent to $1.45 per share in 2021. This comes after a dividend hike of 3 percent to $1.35 per share quarterly in 2020 and marks 16 consecutive years of dividend increases.

The next dividend is payable on September 2, 2021 to shareholders of record on August 20, 2021. A new annualized rate of $5.80 per share yields 2.5% at a stock price of $233.

Cummins Inc., is a manufacturer of power solutions. The company designs, manufactures, distributes and services diesel and natural gas engines and powertrain-related component products, including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, transmissions, electric power generation systems, batteries and electrified power systems. Cummins sells its products to original equipment manufacturers (OEMs), distributors, dealers and other customers worldwide. Cummins, headquartered in Columbus, Indiana, was founded in 1919 as Cummins Engine Company and was first traded publicly in 1947.

Dividend Calendar

Look at the complete list of upcoming events
Ex-date Ticker Yield YTD hike
Aug 16 PCAR 1.6% 0.0%
Aug 16 ED 3.3% 1.9%
Aug 16 TGT 2.8% 20.0%
Aug 17 LH 1.2% 0.0%
Aug 17 CNP 2.4% 0.0%
Aug 17 MSFT 1.0% 0.0%
Aug 17 PSX 4.5% 5.4%
Aug 17 NLSN 1.0% 0.0%
Aug 18 WBA 4.9% 0.5%
Aug 18 SHW 0.9% 9.1%