Trailing Dividend / Share
$7.61
Cummins Inc. (CMI) Dividend History
Income profile from 1973 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
1.1%
Payout Ratio
37.1%
Sustainable
Dividend Streak
21 years
CMI Dividend Income Check
Safety
37.1% payout ratio with sustainable safety profile.
Consistency
21 straight years of dividend increases.
Income Trend
Yield on cost is 3.5% and trend is rising.
CMI Dividend Scorecard
Yield & Income
Dividend Yield1.1%
Trailing DPS$7.61
FrequencyAnnual
Payments / 12M4
Payout Safety
Earnings Payout37.1%
Earnings SafetySustainable
FCF Payout39.3%
FCF SafetyWell Covered
Piotroski F-Score7/9
Growth
Growth Streak21 years
3Y CAGR8.1%
5Y CAGR7.7%
Yield on Cost (5Y)3.5%
YOC Trendrising
Total Returns
Buyback Yield0.0%
Total Shareholder Yield1.1%
1Y Total Return125.9%
5Y Total Return171.5%
Div Contribution (5Y)12.8%
Estimated $10K growth (return + dividends):
5Y ago$27,14610Y ago$64,24120Y ago$276,013
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
CMI Income Growth Story
Dividend per share and yield on cost over time (43 years of payments)
CMI Dividend Safety Story
EPS is the container — dividend is what's drawn out
Dividend Analysis
Payout Safety
Cummins Inc. distributes 37.1% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 39.3%, rated "Well Covered".
Piotroski F-Score: 7/9 — strong financial health.
Growth Track Record
CMI has raised its dividend for 21 consecutive years, with a 3-year CAGR of 8.1% and 5-year CAGR of 7.7%.
Total Shareholder Returns
Beyond cash dividends, CMI returns capital through share repurchases. The combined picture: 1.1% dividend yield, 1.1% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 3.5% and is currently rising. The 5-year total return is 171.5%, with dividends contributing 12.8% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $64,241 today.
CMI Recent Dividend Payments
Last 20 payments · Annual
TTM Total$33.43
Avg/Payment$1.6715
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Feb 20, 2026Latest | $2.0000 | — | 1.32% | Mar 5, 2026 |
| Nov 21, 2025 | $2.0000 | — | 1.62% | Dec 4, 2025 |
| Aug 22, 2025 | $2.0000 | ↑ +9.9% | 1.85% | Sep 4, 2025 |
| May 23, 2025 | $1.8200 | — | 2.29% | Jun 5, 2025 |
| Feb 21, 2025 | $1.8200 | — | 1.95% | Mar 6, 2025 |
| Nov 22, 2024 | $1.8200 | — | 1.88% | Dec 5, 2024 |
| Aug 23, 2024 | $1.8200 | ↑ +8.3% | 2.22% | Sep 5, 2024 |
| May 23, 2024 | $1.6800 | — | 2.37% | Jun 6, 2024 |
CMI Dividend vs Peers
Comparable companies in the same industry
#3 yield in peer group
Div Yield
1.1%
#3 of 8
Safety
Sustainable
37.1% payout
Streak
21Y
7.7% 5Y CAGR
Total Shareholder
1.1%
#7 of 8
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
3rd CMICummins Inc. | $93.3B | 1.1% | 37.1% | 21 | Sustainable |
1st  PCARPACCAR Inc | $59.7B | 3.8% | 95.4% | 0 | At Risk |
 CATCaterpillar Inc. | $420.9B | 0.6% | 31.0% | 8 | Sustainable |
 DEDeere & Company | $156.1B | 1.1% | 34.2% | 8 | Sustainable |
 AGCOAGCO Corporation | $8.3B | 1.0% | 11.9% | 0 | Sustainable |
2nd  CNHCNH Industrial N.V. | $12.8B | 2.6% | 65.3% | 0 | Watch |
 ALSNAllison Transmission… | $10.6B | 0.8% | 14.6% | 6 | Sustainable |
 BWABorgWarner Inc. | $11.9B | 1.0% | — | 1 | Unknown |
CMI Annual Dividend History (1973–2026)
43 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $2.00 | — | 1 | — | — | — | 0.9% |
| 2025 | $7.64 | 9.1% | 4 | $20.50 | 37.3% | 2.68x | 3.5% |
| 2024 | $7.00 | 7.7% | 4 | $28.37 | 24.7% | 4.05x | 3.2% |
| 2023 | $6.50 | 7.6% | 4 | $5.15 | 126.2% | 0.79x | 2.9% |
| 2022 | $6.04 | 7.9% | 4 | $15.12 | 39.9% | 2.50x | 2.7% |
| 2021 | $5.60 | 6.0% | 4 | $14.61 | 38.3% | 2.61x | 2.5% |
| 2020 | $5.28 | 7.8% | 4 | $12.01 | 44.0% | 2.27x | 2.4% |
| 2019 | $4.90 | 10.4% | 4 | $14.48 | 33.9% | 2.95x | 2.2% |
| 2018 | $4.44 | 5.5% | 4 | $13.15 | 33.8% | 2.96x | 2.0% |
| 2017 | $4.21 | 5.3% | 4 | $5.97 | 70.5% | 1.42x | 1.9% |
Full CMI Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See CMI's True Return
Price is only half the story. See total return with reinvested dividends.
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Start ComparisonCMI — Frequently Asked Questions
Quick answers to the most common questions about buying CMI stock.
How much dividend does CMI pay per share?
Cummins Inc. (CMI) pays a trailing 12-month dividend of $7.61 per share, with a current dividend yield of +1.1%. Payments are made Annual.
When is CMI's next ex-dividend date?
CMI's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. CMI typically pays dividends Annual.
Is CMI's dividend safe?
CMI's dividend safety is rated "Sustainable" based on an earnings payout ratio of +37.1% and FCF payout ratio of +39.3%. With 21 consecutive years of dividend growth, the track record supports sustainability.
Is CMI a Dividend Achiever?
Yes, Cummins Inc. is classified as a Dividend Achiever with 21 consecutive years of dividend increases. The 5-year dividend CAGR is +7.7%, demonstrating above-inflation dividend growth.
How often does CMI pay dividends?
Cummins Inc. pays dividends Annual. The trailing 12-month total is $7.61 per share. Dividend data on this page covers 53+ years from 1973 to 2026.
How much would $10,000 invested in CMI grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in CMI five years ago would be worth approximately $27,146 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is CMI's yield on cost for long-term holders?
CMI's yield on cost — the current dividend divided by the original purchase price — is +3.5% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +1.1% market yield, thanks to consistent dividend growth.