Cummins Inc. (CMI) Dividend History
CMI next dividend
$2.20per share
Ex-dividend dateNov 20Friday, 2026
Payment dateDec 3Thursday, 2026
Ex-dividend in 33 days. Shareholders who own CMI before the ex-dividend date receive this payment.
- 20 yearsof dividend increases
- 1985paying since
- Quarterly4 payments a year
- +7.7%5-year growth a year
- 1.66%forward yield
CMI dividend income calculator
- Dividend income a year
- $880
- Each payment
- $220
- Value of the shares
- $53,133
- Dividend yield
- 1.66%
At the latest close; forward annual dividend $8.80 per share, before tax.
CMI dividends per share by year
Dividends per shareYield at year-end (right axis)
Calendar years by ex-dividend date. Yield = the year's dividends divided by the year-end share price.
CMI dividend safety
Payout ratio (earnings)36.0%
Well covered · of trailing twelve-month earnings paid as dividends
Payout ratio (free cash flow)44.2%
Well covered · of fiscal 2025 free cash flow
Dividend growth (5 years)+7.7%
Growing · a year on average
Years of increases20
Long record · consecutive calendar years with a higher dividend
Descriptive bands, not a rating.
CMI yield on cost
| Bought | Price paid | Yield on cost | Dividends since | % of price |
|---|---|---|---|---|
| 1 year ago | $411.83 | 2.14% | $8.20 | 2.0% |
| 3 years ago | $223.91 | 3.93% | $22.52 | 10.1% |
| 5 years ago | $237.04 | 3.71% | $34.83 | 14.7% |
| 10 years ago | $127.05 | 6.93% | $58.84 | 46.3% |
| 20 years ago | $34.46 | 25.54% | $76.20 | 221.2% |
Today’s forward dividend as a yield on the price paid then, and the dividends one share has paid since (split-adjusted, before tax).
CMI dividend payments
Payment
Each bar is one payment, by ex-dividend month (last 40 payments).
CMI dividends by year
| Year | Dividends per share | Growth | Yield (year-end) | Payments |
|---|---|---|---|---|
| 2025 | $7.64 | +9.1% | 1.50% | 4 |
| 2024 | $7.00 | +7.7% | 2.01% | 4 |
| 2023 | $6.50 | +7.6% | 2.71% | 4 |
| 2022 | $6.04 | +7.9% | 2.49% | 4 |
| 2021 | $5.60 | +6.0% | 2.57% | 4 |
| 2020 | $5.28 | +7.8% | 2.33% | 4 |
| 2019 | $4.90 | +10.4% | 2.74% | 4 |
| 2018 | $4.44 | +5.5% | 3.32% | 4 |
| 2017 | $4.21 | +5.2% | 2.38% | 4 |
| 2016 | $4.00 | +14.0% | 2.93% | 4 |
| 2015 | $3.51 | +24.9% | 3.99% | 4 |
| 2014 | $2.81 | +24.9% | 1.95% | 4 |
| 2013 | $2.25 | +25.0% | 1.60% | 4 |
| 2012 | $1.80 | +35.8% | 1.66% | 4 |
| 2011 | $1.32 | +51.4% | 1.51% | 4 |
| 2010 | $0.88 | +25.0% | 0.80% | 4 |
| 2009 | $0.70 | +16.7% | 1.53% | 4 |
| 2008 | $0.60 | +39.5% | 2.24% | 4 |
| 2007 | $0.43 | +30.3% | 0.68% | 4 |
| 2006 | $0.33 | — | 1.12% | 4 |
CMI dividend history
169 payments| Ex-dividend date | Payment date | Amount | Change | Frequency |
|---|---|---|---|---|
| 2026-11-20 | 2026-12-03 | $2.20 | — | Quarterly |
| 2026-08-21 | 2026-09-03 | $2.20 | +10.0% | Quarterly |
| 2026-05-22 | 2026-06-04 | $2.00 | — | Quarterly |
| 2026-02-20 | 2026-03-05 | $2.00 | — | Quarterly |
| 2025-11-21 | 2025-12-04 | $2.00 | — | Quarterly |
| 2025-08-22 | 2025-09-04 | $2.00 | +9.9% | Quarterly |
| 2025-05-23 | 2025-06-05 | $1.82 | — | Quarterly |
| 2025-02-21 | 2025-03-06 | $1.82 | — | Quarterly |
| 2024-11-22 | 2024-12-05 | $1.82 | — | Quarterly |
| 2024-08-23 | 2024-09-05 | $1.82 | +8.3% | Quarterly |
| 2024-05-23 | 2024-06-06 | $1.68 | — | Quarterly |
| 2024-02-22 | 2024-03-07 | $1.68 | — | Quarterly |
| 2023-11-22 | 2023-12-07 | $1.68 | — | Quarterly |
| 2023-08-24 | 2023-09-07 | $1.68 | +7.0% | Quarterly |
| 2023-05-18 | 2023-06-01 | $1.57 | — | Quarterly |
| 2023-02-23 | 2023-03-09 | $1.57 | — | Quarterly |
Show all 169 payments
| Ex-dividend date | Payment date | Amount | Change | Frequency |
|---|---|---|---|---|
| 2022-11-17 | 2022-12-01 | $1.57 | — | Quarterly |
| 2022-08-18 | 2022-09-01 | $1.57 | +8.3% | Quarterly |
| 2022-05-19 | 2022-06-02 | $1.45 | — | Quarterly |
| 2022-02-17 | 2022-03-03 | $1.45 | — | Quarterly |
| 2021-11-18 | 2021-12-02 | $1.45 | — | Quarterly |
| 2021-08-19 | 2021-09-02 | $1.45 | +7.4% | Quarterly |
| 2021-05-20 | 2021-06-03 | $1.35 | — | Quarterly |
| 2021-02-18 | 2021-03-04 | $1.35 | — | Quarterly |
| 2020-11-19 | 2020-12-03 | $1.35 | +3.0% | Quarterly |
| 2020-08-20 | 2020-09-03 | $1.31 | — | Quarterly |
| 2020-05-21 | 2020-06-04 | $1.31 | — | Quarterly |
| 2020-02-20 | 2020-03-05 | $1.31 | — | Quarterly |
| 2019-11-13 | 2019-12-02 | $1.31 | — | Quarterly |
| 2019-08-20 | 2019-09-03 | $1.31 | +15.0% | Quarterly |
| 2019-05-23 | 2019-06-05 | $1.14 | — | Quarterly |
| 2019-02-21 | 2019-03-07 | $1.14 | — | Quarterly |
| 2018-11-14 | 2018-12-03 | $1.14 | — | Quarterly |
| 2018-08-21 | 2018-09-04 | $1.14 | +5.6% | Quarterly |
| 2018-05-17 | 2018-06-01 | $1.08 | — | Quarterly |
| 2018-02-22 | 2018-03-08 | $1.08 | — | Quarterly |
| 2017-11-16 | 2017-12-01 | $1.08 | — | Quarterly |
| 2017-08-16 | 2017-09-01 | $1.08 | +5.4% | Quarterly |
| 2017-05-17 | 2017-06-01 | $1.02 | — | Quarterly |
| 2017-02-22 | 2017-03-06 | $1.02 | — | Quarterly |
| 2016-11-17 | 2016-12-01 | $1.02 | — | Quarterly |
| 2016-08-18 | 2016-09-01 | $1.02 | +5.1% | Quarterly |
| 2016-05-18 | 2016-06-01 | $0.975 | — | Quarterly |
| 2016-02-17 | 2016-03-01 | $0.975 | — | Quarterly |
| 2015-11-18 | 2015-12-01 | $0.975 | — | Quarterly |
| 2015-08-19 | 2015-09-01 | $0.975 | +25.0% | Quarterly |
| 2015-05-19 | 2015-06-01 | $0.78 | — | Quarterly |
| 2015-02-13 | 2015-03-02 | $0.78 | — | Quarterly |
| 2014-11-18 | 2014-12-01 | $0.78 | — | Quarterly |
| 2014-08-20 | 2014-09-02 | $0.78 | +24.8% | Quarterly |
| 2014-05-21 | 2014-06-02 | $0.625 | — | Quarterly |
| 2014-02-19 | 2014-03-03 | $0.625 | — | Quarterly |
| 2013-11-19 | 2013-12-02 | $0.625 | — | Quarterly |
| 2013-08-20 | 2013-09-03 | $0.625 | +25.0% | Quarterly |
| 2013-05-22 | 2013-06-03 | $0.5 | — | Quarterly |
| 2013-02-20 | 2013-03-01 | $0.5 | — | Quarterly |
| 2012-11-20 | 2012-12-03 | $0.5 | — | Quarterly |
| 2012-08-20 | 2012-09-01 | $0.5 | +25.0% | Quarterly |
| 2012-05-16 | 2012-06-01 | $0.4 | — | Quarterly |
| 2012-02-22 | 2012-03-01 | $0.4 | — | Quarterly |
| 2011-11-17 | 2011-12-01 | $0.4 | — | Quarterly |
| 2011-08-18 | 2011-09-01 | $0.4 | +52.4% | Quarterly |
| 2011-05-18 | 2011-06-01 | $0.2625 | — | Quarterly |
| 2011-02-16 | 2011-03-01 | $0.2625 | — | Quarterly |
| 2010-11-18 | 2010-12-01 | $0.2625 | — | Quarterly |
| 2010-08-19 | 2010-09-01 | $0.2625 | +50.0% | Quarterly |
| 2010-05-19 | 2010-06-01 | $0.175 | — | Quarterly |
| 2010-02-17 | 2010-03-01 | $0.175 | — | Quarterly |
| 2009-11-18 | 2009-12-01 | $0.175 | — | Quarterly |
| 2009-08-19 | 2009-09-01 | $0.175 | — | Quarterly |
| 2009-05-20 | 2009-06-01 | $0.175 | — | Quarterly |
| 2009-02-18 | 2009-03-02 | $0.175 | — | Quarterly |
| 2008-11-19 | 2008-12-01 | $0.175 | — | Quarterly |
| 2008-08-20 | 2008-09-02 | $0.175 | +40.0% | Quarterly |
| 2008-05-21 | 2008-06-02 | $0.125 | — | Quarterly |
| 2008-02-20 | 2008-03-03 | $0.125 | — | Quarterly |
| 2007-11-14 | 2007-11-30 | $0.125 | — | Quarterly |
| 2007-08-15 | 2007-08-31 | $0.125 | +38.9% | Quarterly |
| 2007-05-16 | 2007-06-01 | $0.09 | — | Quarterly |
| 2007-02-14 | 2007-03-01 | $0.09 | — | Quarterly |
| 2006-11-14 | 2006-12-01 | $0.09 | — | Quarterly |
| 2006-08-16 | 2006-09-01 | $0.09 | +20.0% | Quarterly |
| 2006-05-16 | 2006-06-01 | $0.075 | — | Quarterly |
| 2006-02-17 | 2006-03-01 | $0.075 | — | Quarterly |
| 2005-11-14 | 2005-12-01 | $0.075 | — | Quarterly |
| 2005-08-16 | 2005-09-01 | $0.075 | — | Quarterly |
| 2005-05-13 | 2005-06-01 | $0.075 | — | Quarterly |
| 2005-02-17 | 2005-03-01 | $0.075 | — | Quarterly |
| 2004-11-12 | 2004-12-01 | $0.075 | — | Quarterly |
| 2004-08-16 | 2004-09-01 | $0.075 | — | Quarterly |
| 2004-05-12 | 2004-06-01 | $0.075 | — | Quarterly |
| 2004-02-13 | 2004-03-01 | $0.075 | — | Quarterly |
| 2003-11-12 | 2003-12-01 | $0.075 | — | Quarterly |
| 2003-08-13 | 2003-09-02 | $0.075 | — | Quarterly |
| 2003-05-13 | 2003-06-02 | $0.075 | — | Quarterly |
| 2003-02-12 | 2003-03-03 | $0.075 | — | Quarterly |
| 2002-11-26 | 2002-12-13 | $0.075 | — | Quarterly |
| 2002-08-28 | 2002-09-13 | $0.075 | — | Quarterly |
| 2002-05-29 | 2002-06-14 | $0.075 | — | Quarterly |
| 2002-02-27 | 2002-03-15 | $0.075 | — | Quarterly |
| 2001-11-28 | 2001-12-14 | $0.075 | — | Quarterly |
| 2001-08-29 | 2001-09-14 | $0.075 | — | Quarterly |
| 2001-05-30 | 2001-06-15 | $0.075 | — | Quarterly |
| 2001-02-27 | 2001-03-15 | $0.075 | — | Quarterly |
| 2000-11-29 | 2000-12-15 | $0.075 | — | Quarterly |
| 2000-08-30 | 2000-09-15 | $0.075 | — | Quarterly |
| 2000-05-30 | 2000-06-15 | $0.075 | — | Quarterly |
| 2000-02-28 | 2000-03-15 | $0.075 | — | Quarterly |
| 1999-11-29 | 1999-12-15 | $0.075 | +9.1% | Quarterly |
| 1999-08-30 | 1999-09-15 | $0.0688 | — | Quarterly |
| 1999-05-27 | 1999-06-15 | $0.0688 | — | Quarterly |
| 1999-02-25 | 1999-03-15 | $0.0688 | — | Quarterly |
| 1998-11-27 | 1998-12-15 | $0.0688 | — | Quarterly |
| 1998-08-28 | 1998-09-15 | $0.0688 | — | Quarterly |
| 1998-05-28 | 1998-06-15 | $0.0688 | — | Quarterly |
| 1998-02-26 | 1998-03-16 | $0.0688 | — | Quarterly |
| 1997-11-26 | 1997-12-15 | $0.0688 | — | Quarterly |
| 1997-08-28 | 1997-09-16 | $0.0688 | — | Quarterly |
| 1997-05-29 | 1997-06-16 | $0.0688 | +10.0% | Quarterly |
| 1997-02-26 | 1997-03-14 | $0.0625 | — | Quarterly |
| 1996-11-27 | 1996-12-16 | $0.0625 | — | Quarterly |
| 1996-08-29 | 1996-09-17 | $0.0625 | — | Quarterly |
| 1996-05-29 | 1996-06-14 | $0.0625 | — | Quarterly |
| 1996-02-28 | 1996-03-15 | $0.0625 | — | Quarterly |
| 1995-11-29 | 1995-12-15 | $0.0625 | — | Quarterly |
| 1995-08-30 | 1995-09-15 | $0.0625 | — | Quarterly |
| 1995-05-25 | 1995-06-15 | $0.0625 | — | Quarterly |
| 1995-02-23 | 1995-03-15 | $0.0625 | — | Quarterly |
| 1994-11-25 | 1994-12-15 | $0.0625 | +100.0% | Quarterly |
| 1994-08-26 | 1994-09-15 | $0.0312 | — | Quarterly |
| 1994-05-25 | 1994-06-15 | $0.0312 | — | Quarterly |
| 1994-02-23 | 1994-03-15 | $0.0312 | — | Quarterly |
| 1993-11-24 | 1993-12-15 | $0.0312 | +400.0% | Quarterly |
| 1993-08-26 | 1993-09-15 | $0.0063 | — | Quarterly |
| 1993-05-25 | 1993-06-15 | $0.0063 | — | Quarterly |
| 1993-02-23 | 1993-03-15 | $0.0063 | — | Quarterly |
| 1992-11-24 | 1992-12-15 | $0.0063 | — | Quarterly |
| 1992-08-26 | 1992-09-15 | $0.0063 | — | Quarterly |
| 1992-05-26 | 1992-06-15 | $0.0063 | — | Quarterly |
| 1992-02-25 | 1992-03-16 | $0.0063 | — | Quarterly |
| 1991-11-25 | 1991-12-16 | $0.0063 | — | Quarterly |
| 1991-08-26 | 1991-09-13 | $0.0063 | — | Quarterly |
| 1991-05-24 | 1991-06-14 | $0.0063 | −90.9% | Quarterly |
| 1991-02-25 | 1991-03-15 | $0.0688 | — | Quarterly |
| 1990-11-26 | 1990-12-14 | $0.0688 | — | Quarterly |
| 1990-08-27 | 1990-09-14 | $0.0688 | — | Quarterly |
| 1990-05-25 | 1990-06-15 | $0.0688 | — | Quarterly |
| 1990-02-23 | 1990-03-15 | $0.0688 | — | Quarterly |
| 1989-11-27 | 1989-12-15 | $0.0688 | — | Quarterly |
| 1989-08-28 | 1989-09-15 | $0.0688 | — | Quarterly |
| 1989-05-25 | — | $0.0688 | — | |
| 1989-02-23 | — | $0.0688 | — | |
| 1988-11-25 | — | $0.0688 | — | |
| 1988-08-26 | — | $0.0688 | — | |
| 1988-05-25 | — | $0.0688 | — | |
| 1988-02-24 | — | $0.0688 | — | |
| 1987-11-24 | — | $0.0688 | — | |
| 1987-08-26 | — | $0.0688 | — | |
| 1987-05-26 | — | $0.0688 | — | |
| 1987-02-24 | — | $0.0688 | — | |
| 1986-11-24 | — | $0.0688 | — | |
| 1986-08-25 | — | $0.0688 | — | |
| 1986-05-23 | — | $0.0688 | — | |
| 1986-02-24 | — | $0.0688 | — | |
| 1985-11-22 | — | $0.0688 | — | |
| 1985-08-26 | — | $0.0688 | — | |
| 1985-05-24 | — | $0.0688 | — | |
| 1985-02-25 | — | $0.0688 | +150.0% | |
| 1973-03-02 | — | $0.0275 | — |
Amounts per share, adjusted for stock splits. Highlighted rows are announced but not yet paid.
CMI stock split history
- 2:1January 3, 2008
- 2:1April 10, 2007
- 2:1November 12, 1993
CMI dividend overview
Cummins pays an annual dividend of $8.80 per share, a yield of 1.66% at the latest close, paid quarterly. It paid $7.64 per share in 2025, up 9.1% from 2024. It has raised its dividend for 20 consecutive years. Over five years the dividend grew 7.7% a year on average and over ten years 8.1% a year. The payout ratio is 36.0% of trailing earnings.
Related: CMI cash flow statement, CMI key metrics, CMI chart. See the CMI stock overview for the latest quote and news.
CMI dividends FAQ
Does Cummins pay a dividend?
Yes. Cummins has paid a regular dividend since 1985, quarterly, most recently $2.20 per share with an ex-dividend date of November 20, 2026. It also paid dividends from 1973 to 1973.
What is Cummins's dividend yield?
Cummins's forward annual dividend is $8.80 per share, a dividend yield of 1.66% at the latest close of $531.33.
When is Cummins's next dividend?
Cummins's next dividend of $2.20 per share goes ex-dividend on November 20, 2026 and is paid on December 3, 2026. Shareholders who own the stock before the ex-dividend date receive it.
How often does Cummins pay dividends?
Cummins pays dividends quarterly.
How fast is Cummins's dividend growing?
Cummins's dividend per share grew from $5.28 in 2020 to $7.64 in 2025, 7.7% a year on average over five years; it has increased for 20 years in a row.
What is Cummins's dividend payout ratio?
Cummins pays out 36.0% of its trailing earnings as dividends and 44.2% of its free cash flow (fiscal 2025).
Has Cummins split its stock?
Cummins has split its stock 3 times: 2:1 on January 3, 2008, 2:1 on April 10, 2007, 2:1 on November 12, 1993. Dividends per share on this page are adjusted for splits.