CMI Dividend History & Analysis | 2% Yield

CMI has a dividend yield of 2% and paid 7.64 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 1.99%
Payout Ratio 36.8%
Growth Rate CAGR 5y 8.08%
Consistency Lifetime 77.0%
Yield on Cost 5y 3.76%
Payout FCF 45.1%
Streak Years 41
Dividend Rating 62.95%

Dividends Cash Amount per Share Yearly

This chart shows the yearly cash amount paid as dividends per share. The exact values for each year can be found in the structured dataset with the html-id #yearly_dividend_dataset below.
Dividend Growth Year over Year This chart shows the annual dividend growth rate compared to the previous year.
5 Years Chart with Price and Dividend Yield This chart shows the dividend yield and price over time. Price is displayed as gray area (left axis), yield as dark blue line (right axis), and average yield as orange dashed line.
■ Yield (right) | ■ Price (left) | ┅ Avg Yield
Total Return 12m: 76.6%
Total Return 5y: 196.4%

Top Dividend Payers in Construction Machinery & Heavy Transportation Equipment

Top 5 Dividend Yields of Peer-Group
Symbol Market Cap USD Dividend Yield TTM Yield on Cost 5y
8TRA 19,824 M 5.60% 8.59%
DTG 37,021 M 5.0% 6.62%
TRN 2,323 M 4.50% 4.72%
PCAR 64,792 M 2.59% 5.71%
WAC 1,498 M 2.65% 4.37%
Top 5 Dividend Growth Rates of Peer-Group
Symbol Market Cap USD Growth Rate Consistency
8TRA 19,824 M 61.5% 89.1%
ALG 2,366 M 21.0% 96.1%
WAB 39,578 M 20.1% 97.3%
DTG 37,021 M 20.9% 98.8%
FSS 6,584 M 11.7% 86.3%

Quality Dividend Peers in Construction Machinery & Heavy Transportation Equipment

ALSN
Allison Transmission
 1.15% Yield
CAT
Caterpillar
 1.39% Yield
PLOW
Douglas Dynamics
 4.03% Yield
GBX
Greenbrier Companies
 2.78% Yield

CMI Dividend History: Last 50 Payments (USD) as of February 2026

Ex-Dividend Date Record Date Payment Date Period Dividend per Share Dividend Growth Rate QoQ Payout Yield
2025-11-21 2025-11-21 2025-12-04 Quarterly 2 0% 0.43%
2025-08-22 2025-08-22 2025-09-04 Quarterly 2 9.9% 0.51%
2025-05-23 2025-05-23 2025-06-05 Quarterly 1.82 0% 0.58%
2025-02-21 2025-02-21 2025-03-06 Quarterly 1.82 0% 0.47%
2024-11-22 2024-11-22 2024-12-05 Quarterly 1.82 0% 0.5%
2024-08-23 2024-08-23 2024-09-05 Quarterly 1.82 8.3% 0.6%
2024-05-23 2024-05-24 2024-06-06 Quarterly 1.68 0% 0.59%
2024-02-22 2024-02-23 2024-03-07 Quarterly 1.68 0% 0.64%
2023-11-22 2023-11-24 2023-12-07 Quarterly 1.68 0% 0.76%
2023-08-24 2023-08-25 2023-09-07 Quarterly 1.68 7% 0.73%
2023-05-18 2023-05-19 2023-06-01 Quarterly 1.57 0% 0.74%
2023-02-23 2023-02-24 2023-03-09 Quarterly 1.57 0% 0.63%
2022-11-17 2022-11-18 2022-12-01 Quarterly 1.57 0% 0.64%
2022-08-18 2022-08-19 2022-09-01 Quarterly 1.57 8.3% 0.68%
2022-05-19 2022-05-20 2022-06-02 Quarterly 1.45 0% 0.72%
2022-02-17 2022-02-18 2022-03-03 Quarterly 1.45 0% 0.66%
2021-11-18 2021-11-19 2021-12-02 Quarterly 1.45 0% 0.63%
2021-08-19 2021-08-20 2021-09-02 Quarterly 1.45 7.4% 0.63%
2021-05-20 2021-05-21 2021-06-03 Quarterly 1.35 0% 0.52%
2021-02-18 2021-02-19 2021-03-04 Quarterly 1.35 0% 0.56%
2020-11-19 2020-11-20 2020-12-03 Quarterly 1.35 3% N/A
2020-08-20 2020-08-21 2020-09-03 Quarterly 1.311 0% N/A
2020-05-21 2020-05-22 2020-06-04 Quarterly 1.311 0% N/A
2020-02-20 2020-02-21 2020-03-05 Quarterly 1.311 0% N/A
2019-11-13 2019-11-14 2019-12-02 Quarterly 1.311 0% N/A
2019-08-20 2019-08-21 2019-09-03 Quarterly 1.311 15% N/A
2019-05-23 2019-05-24 2019-06-05 Quarterly 1.14 0% N/A
2019-02-21 2019-02-22 2019-03-07 Quarterly 1.14 0% N/A
2018-11-14 2018-11-15 2018-12-03 Quarterly 1.14 0% N/A
2018-08-21 2018-08-22 2018-09-04 Quarterly 1.14 5.6% N/A
2018-05-17 2018-05-18 2018-06-01 Quarterly 1.08 0% N/A
2018-02-22 2018-02-23 2018-03-08 Quarterly 1.08 0% N/A
2017-11-16 2017-11-17 2017-12-01 Quarterly 1.08 0% N/A
2017-08-16 2017-08-18 2017-09-01 Quarterly 1.08 5.4% N/A
2017-05-17 2017-05-19 2017-06-01 Quarterly 1.025 0% N/A
2017-02-22 2017-02-24 2017-03-06 Quarterly 1.025 0% N/A
2016-11-17 2016-11-21 2016-12-01 Quarterly 1.025 0% N/A
2016-08-18 2016-08-22 2016-09-01 Quarterly 1.025 5.1% N/A
2016-05-18 2016-05-20 2016-06-01 Quarterly 0.975 0% N/A
2016-02-17 2016-02-19 2016-03-01 Quarterly 0.975 0% N/A
2015-11-18 2015-11-20 2015-12-01 Quarterly 0.975 0% N/A
2015-08-19 2015-08-21 2015-09-01 Quarterly 0.975 25% N/A
2015-05-19 2015-05-21 2015-06-01 Quarterly 0.78 0% N/A
2015-02-13 2015-02-18 2015-03-02 Quarterly 0.78 0% N/A
2014-11-18 2014-11-20 2014-12-01 Quarterly 0.78 0% N/A
2014-08-20 2014-08-22 2014-09-02 Quarterly 0.78 24.8% N/A
2014-05-21 2014-05-23 2014-06-02 Quarterly 0.625 0% N/A
2014-02-19 2014-02-21 2014-03-03 Quarterly 0.625 0% N/A
2013-11-19 2013-11-21 2013-12-02 Quarterly 0.625 0% N/A
2013-08-20 2013-08-22 2013-09-03 Quarterly 0.625 0% N/A

CMI Dividend FAQ

Cummins Inc. (NYSE:CMI) delivers a broad portfolio of power solutions through five operating segments-Engine, Distribution, Components, Power Systems, and Accelera-covering diesel and natural-gas engines, drivetrain components, after-treatment technologies, and emerging electrified systems such as batteries, fuel cells, and hydrogen production equipment. The company serves OEMs, distributors, dealers, and end-users with new equipment, aftermarket parts, and service offerings ranging from field repairs to turnkey distributed-generation projects.

What is the Dividend Yield of CMI?

As of February 2026, CMI`s dividend yield is 1.99%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 7.64 USD by the current share price of 602.69.

Does CMI pay a dividend?

As of February 2026, CMI paid a dividend of 7.64 USD in the last 12 months. The last dividend was paid on 2025-11-21 and the payout was 2 USD.

How often does CMI pay dividends?

CMI pays dividends quarterly. Over the last 12 months, CMI has issued 4 dividend payments. The last dividend payment was made on 2025-11-21.

CMI dividend forecast

Based on historical data, the forecasted dividends per share for CMI for the next 4 payments are between 1.914 (-4.3%) and 2.004 (+0.2%).
This suggests the dividend will remain relatively stable.

Will CMI pay dividends in 2026?

The latest dividend paid per share was 2 USD with an Ex-Dividend Date of 2025-11-21. The next Ex-Dividend date for Cummins (CMI) is currently unknown.

What is the next Ex-Dividend Date for CMI?

The next Ex-Dividend date for Cummins (CMI) is currently unknown. We automatically update the next Ex-Dividend date when it is announced.

What is the Dividend Growth of CMI?

CMI's average dividend growth rate over the past 5 years is 8.08% per year.
Strong growth: CMI's Dividend growth is outpacing inflation.

What is the Yield on Cost of CMI?

CMI's 5-Year Yield on Cost is 3.76%. If you bought CMI's shares at 203.37 USD five years ago, your current annual dividend income (7.64 USD per share, trailing 12 months) equals 3.76% of your original purchase price.

What is the Payout Consistency of CMI?

CMI Payout Consistency is 77.0%. The payout consistency is a proprietary measure of how consistently a company has paid dividends over its lifetime and blends growth rate, number of dividend payments, interruptions or lowering dividends into one number.
Moderately consistent: Cummins has a good track record of consistent dividend payments over its lifetime.

Does CMI have a good Dividend Yield?

CMI`s 1.99% Dividend Yield is considered as low. This is usually a sign of a growth company.

What is the Dividend Payout Ratio of CMI?

The Dividend Payout Ratio of CMI is 36.8%. Healthy - Leaves room for growth and provides some protection to maintain dividends even in a recession.

What is the Dividend Rating of CMI?

CMI`s Overall Dividend Rating is 62.95%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

CMI Outstanding Shares Analysis

What is the Trend in CMI's Outstanding Shares?

Cummins's outstanding shares have decreased by approximately 1.17% annually over the past 3 years (Trend Reliability: -33.3%).

Slightly positive: The company is modestly reducing its share count through buybacks. This provides a small tailwind to earnings per share and dividend sustainability.

Has CMI ever had a Stock Split?

Yes, the last stock split was on Jan 3, 2008 with a ratio of 2:1.

This was a forward split: Each share became 2 shares, lowering the price proportionally. The dividend per share was also adjusted downward by the same ratio, so total dividend income remained unchanged.

Year Number of Shares Annual Growth Rate
1985 76,552,000
1986 84,608,000 +10.52%
1987 84,688,000 +0.09%
1988 85,264,000 +0.68%
1989 82,524,300 -3.21%
1990 113,203,900 +37.18%
1991 117,446,800 +3.75%
1992 135,652,200 +15.5%
1993 139,459,500 +2.81%
1994 166,800,000 +19.6%
1995 161,600,000 -3.12%
1996 154,000,000 -4.7%
1997 155,600,000 +1.04%
1998 154,000,000 -1.03%
1999 153,200,000 -0.52%
2000 152,800,000 -0.26%
2001 154,666,700 +1.22%
2002 155,600,000 +0.6%
2003 189,200,000 +21.59%
2004 171,217,700 -9.5%
2005 204,800,000 +19.61%
2006 201,176,500 -1.77%
2007 197,849,500 -1.65%
2008 197,000,000 -0.43%
2009 198,700,000 +0.86%
2010 196,100,000 -1.31%
2011 192,700,000 -1.73%
2012 188,400,000 -2.23%
2013 184,700,000 -1.96%
2014 181,000,000 -2%
2015 175,800,000 -2.87%
2016 168,100,000 -4.38%
2017 166,200,000 -1.13%
2018 157,200,000 -5.42%
2019 152,400,000 -3.05%
2020 149,300,000 -2.03%
2021 142,500,000 -4.55%
2022 142,300,000 -0.14%
2023 141,900,000 -0.28%
2024 138,400,000 -2.47%
2025 138,600,000 +0.14%

Key Metric Definitions

Dividend Yield
Annual dividend per share divided by current share price.
Payout Ratio
Percentage of earnings paid as dividends. Below 60% = safe, above 100% = unsustainable.
Payout FCF
Percentage of Free Cash Flow paid as dividends. More reliable than Payout Ratio since it measures actual cash.
Growth Rate (CAGR)
Compound annual growth rate of dividends over the last 5 years.
Consistency
Reliability of dividend payments over lifetime. Penalizes cuts and pauses.
Yield on Cost
Your effective yield if you bought 5 years ago. Shows dividend growth impact over time.
Streak
Consecutive years of dividend payments. 25+ years = Dividend Aristocrat.
Dividend Rating
Proprietary score (0-100) combining yield, growth, safety and consistency.

Last update: 2026-01-28 02:40