Cummins (CMI) Dividend History & Yield
Dividend ContenderCummins (CMI) has increased its dividend for 21 consecutive years and currently yields 1.17%. The most recent dividend was $2.0000/share on Mar 5, 2026, paid Quarterly.
CMI
Current Yield
1.17%
TTM Dividend/Share
$7.82
Payment Frequency
Quarterly
Payout Ratio
40.6%
Consecutive Growth Years
21 (Dividend Contender)
Div Growth (1Y CAGR)
9.14%
Div Growth (5Y CAGR)
7.66%
Div Growth (10Y CAGR)
8.09%
CMI: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
8.8%
FCF payout ratio
10.4%
Net debt / EBITDA
1.2x
Interest coverage
11.62x
ROIC (TTM)
14.3%
Dividend Safety Score
7 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 40.6%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($17.30) covers dividend/share ($7.82).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
21 consecutive years of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 10.4%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 1.2x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (7.7%) exceeds EPS growth (2.9%) — payout ratio expanding.
Per-payment dividend history
Ex-date May 22, 2026
- Payment date
- Jun 4, 2026
- Dividend
- $2.0000
- Adj. dividend
- $2.0000
Ex-date Feb 20, 2026
- Payment date
- Mar 5, 2026
- Dividend
- $2.0000
- Adj. dividend
- $2.0000
Ex-date Nov 21, 2025
- Payment date
- Dec 4, 2025
- Dividend
- $2.0000
- Adj. dividend
- $2.0000
Ex-date Aug 22, 2025
- Payment date
- Sep 4, 2025
- Dividend
- $2.0000
- Adj. dividend
- $2.0000
Ex-date May 23, 2025
- Payment date
- Jun 5, 2025
- Dividend
- $1.8200
- Adj. dividend
- $1.8200
Ex-date Feb 21, 2025
- Payment date
- Mar 6, 2025
- Dividend
- $1.8200
- Adj. dividend
- $1.8200
Ex-date Nov 22, 2024
- Payment date
- Dec 5, 2024
- Dividend
- $1.8200
- Adj. dividend
- $1.8200
Ex-date Aug 23, 2024
- Payment date
- Sep 5, 2024
- Dividend
- $1.8200
- Adj. dividend
- $1.8200
Ex-date May 23, 2024
- Payment date
- Jun 6, 2024
- Dividend
- $1.6800
- Adj. dividend
- $1.6800
Ex-date Feb 22, 2024
- Payment date
- Mar 7, 2024
- Dividend
- $1.6800
- Adj. dividend
- $1.6800
Ex-date Nov 22, 2023
- Payment date
- Dec 7, 2023
- Dividend
- $1.6800
- Adj. dividend
- $1.6800
Ex-date Aug 24, 2023
- Payment date
- Sep 7, 2023
- Dividend
- $1.6800
- Adj. dividend
- $1.6800
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| May 22, 2026 | Jun 4, 2026 | $2.0000 | $2.0000 |
| Feb 20, 2026 | Mar 5, 2026 | $2.0000 | $2.0000 |
| Nov 21, 2025 | Dec 4, 2025 | $2.0000 | $2.0000 |
| Aug 22, 2025 | Sep 4, 2025 | $2.0000 | $2.0000 |
| May 23, 2025 | Jun 5, 2025 | $1.8200 | $1.8200 |
| Feb 21, 2025 | Mar 6, 2025 | $1.8200 | $1.8200 |
| Nov 22, 2024 | Dec 5, 2024 | $1.8200 | $1.8200 |
| Aug 23, 2024 | Sep 5, 2024 | $1.8200 | $1.8200 |
| May 23, 2024 | Jun 6, 2024 | $1.6800 | $1.6800 |
| Feb 22, 2024 | Mar 7, 2024 | $1.6800 | $1.6800 |
| Nov 22, 2023 | Dec 7, 2023 | $1.6800 | $1.6800 |
| Aug 24, 2023 | Sep 7, 2023 | $1.6800 | $1.6800 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
Cummins has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 21 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $7.6400 | — | — |
| 2025 | $7.0000 | $7.6400 | +9.1% |
| 2024 | $6.5000 | $7.0000 | +7.7% |
| 2023 | $6.0400 | $6.5000 | +7.6% |
| 2022 | $5.6000 | $6.0400 | +7.9% |
| 2021 | $5.2830 | $5.6000 | +6.0% |
| 2020 | $4.9020 | $5.2830 | +7.8% |
| 2019 | $4.4400 | $4.9020 | +10.4% |
| 2018 | $4.2100 | $4.4400 | +5.5% |
| 2017 | $4.0000 | $4.2100 | +5.3% |
| 2016 | $3.5100 | $4.0000 | +14.0% |
| 2015 | $2.8100 | $3.5100 | +24.9% |
| 2014 | $2.2500 | $2.8100 | +24.9% |
| 2013 | $1.8000 | $2.2500 | +25.0% |
| 2012 | $1.3250 | $1.8000 | +35.8% |
| 2011 | $0.8750 | $1.3250 | +51.4% |
| 2010 | $0.7000 | $0.8750 | +25.0% |
| 2009 | $0.6000 | $0.7000 | +16.7% |
| 2008 | $0.4300 | $0.6000 | +39.5% |
| 2007 | $0.3300 | $0.4300 | +30.3% |
| 2006 | $0.3000 | $0.3300 | +10.0% |
| 2005 | $0.3000 | $0.3000 | 0.0% |
| 2004 | $0.2438 | $0.3000 | +23.1% |
| 2003 | $0.3000 | $0.2438 | -18.7% |
| 2002 | $0.3000 | $0.3000 | 0.0% |
| 2001 | $0.3000 | $0.3000 | 0.0% |
| 2000 | $0.2813 | $0.3000 | +6.7% |
| 1999 | $0.2750 | $0.2813 | +2.3% |
| 1998 | $0.2688 | $0.2750 | +2.3% |
| 1997 | $0.2500 | $0.2688 | +7.5% |
| 1996 | $0.2500 | $0.2500 | 0.0% |
| 1995 | $0.1563 | $0.2500 | +60.0% |
| 1994 | $0.0500 | $0.1563 | +212.5% |
| 1993 | $0.0250 | $0.0500 | +100.0% |
| 1992 | $0.0875 | $0.0250 | -71.4% |
| 1991 | $0.2750 | $0.0875 | -68.2% |
| 1990 | $0.2750 | $0.2750 | 0.0% |
| 1989 | $0.2750 | $0.2750 | 0.0% |
| 1988 | $0.2750 | $0.2750 | 0.0% |
| 1987 | $0.2750 | $0.2750 | 0.0% |
| 1986 | $0.2750 | $0.2750 | 0.0% |
| 1985 | — | $0.2750 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for Cummins (CMI) from the consolidated cash flow statement, in USD as filed.
Latest period
$1.08B
YoY change
+8.9%
5Y CAGR
+6.2%
Peak year (2025)
$1.05B
Latest annual
$1.05B
Cash dividends paid over time for Cummins (CMI)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for Cummins (CMI)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $1.05B | +8.9% | +$86.00M | ||
| 2024 | $969.00M | +5.2% | +$48.00M | ||
| 2023 | $921.00M | +7.7% | +$66.00M | ||
| 2022 | $855.00M | +5.7% | +$46.00M | ||
| 2021 | $809.00M | +3.5% | +$27.00M | ||
| 2020 | $782.00M | +2.8% | +$21.00M | ||
| 2019 | $761.00M | +6.0% | +$43.00M | ||
| 2018 | $718.00M | +2.4% | +$17.00M | ||
| 2017 | $701.00M | +3.7% | +$25.00M | ||
| 2016 | $676.00M | +8.7% | +$54.00M | ||
| 2015 | $622.00M | +21.5% | +$110.00M | ||
| 2014 | $512.00M | +21.9% | +$92.00M | ||
| 2013 | $420.00M | +23.5% | +$80.00M | ||
| 2012 | $340.00M | +33.3% | +$85.00M | ||
| 2011 | $255.00M | +48.3% | +$83.00M | ||
| 2010 | $172.00M | +22.0% | +$31.00M | ||
| 2009 | $141.00M | +15.6% | +$19.00M | ||
| 2008 | $122.00M | +37.1% | +$33.00M | ||
| 2007 | $89.00M | +34.8% | +$23.00M | ||
| 2006 | $66.00M | +17.9% | +$10.00M | ||
| 2005 | $56.00M | +5.7% | +$3.00M | ||
| 2004 | $53.00M | — | +$53.00M | ||
| 2003 | $0 | -100.0% | -$50.00M | ||
| 2002 | $50.00M | 0.0% | $0 | ||
| 2001 | $50.00M | 0.0% | $0 | ||
| 2000 | $50.00M | +6.4% | +$3.00M | ||
| 1999 | $47.00M | +2.2% | +$1.00M | ||
| 1998 | $46.00M | +2.2% | +$1.00M | ||
| 1997 | $45.00M | +12.5% | +$5.00M | ||
| 1996 | $40.00M | 0.0% | $0 | ||
| 1995 | $40.00M | +53.8% | +$14.00M | ||
| 1994 | $26.00M | +73.3% | +$11.00M | ||
| 1993 | $15.00M | +32.7% | +$3.70M | ||
| 1992 | $11.30M | -38.6% | -$7.10M | ||
| 1991 | $18.40M | -55.1% | -$22.60M | ||
| 1990 | $41.00M | +22.0% | +$7.40M | ||
| 1989 | $33.60M | — | — |
Cummins (CMI) most recent annual dividends paid stands at $1.05B (2025) – grew 8.9% year-over-year.
Through 2020–2025 (5 years), Cummins dividends paid delivered a +6.2% annualised rate; sustaining 22 straight years of year-over-year growth.
The highest annual dividends paid of $1.05B was reported in 2025. The lowest in the available history was $0 in 2003.
Cummins (CMI) sits 8th of 8 Industrials peers we track on this metric, against a peer median of $2.23B.
Cummins Dividends Paid 2025: $1.05B
Cummins dividends paid in 2025 was $1.05B, grew 8.9% from 2024. This figure represents the highest annual value in the available history.
Cummins Dividends Paid 2024: $969.00M
Cummins dividends paid in 2024 was $969.00M, grew 5.2% from 2023.
Cummins Dividends Paid 2023: $921.00M
Cummins dividends paid in 2023 was $921.00M, grew 7.7% from 2022.
Cummins Dividends Paid 2022: $855.00M
Cummins dividends paid in 2022 was $855.00M, grew 5.7% from 2021.
Cummins Dividends Paid 2021: $809.00M
Cummins dividends paid in 2021 was $809.00M.
See more financial history for Cummins (CMI).
Sector peers by dividends paid
Companies in the same sector as Cummins, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| RTX (RTX) | $3.57B | Industrials |
| Union Pacific (UNP) | $3.24B | Industrials |
| Honeywell International (HON) | $2.98B | Industrials |
| Caterpillar (CAT) | $2.75B | Industrials |
| Deere & Company (DE) | $1.72B | Industrials |
| Eaton Corporation (ETN) | $1.63B | Industrials |
| GE Aerospace (GE) | $1.45B | Industrials |
| Boeing (BA) | $0 | Industrials |
Frequently asked questions
Does Cummins pay dividends?
Yes, Cummins (CMI) pays quarterly dividends of approximately $7.82 per share annually, yielding 1.17%.
What is Cummins's dividend yield?
Cummins (CMI) has a current dividend yield of 1.17%.
Is Cummins's dividend safe?
Cummins (CMI) passes 7 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Cummins increased its dividend?
Cummins (CMI) has 21 consecutive years of dividend increases.
What is Cummins's dividend payout ratio?
Cummins (CMI) has a dividend payout ratio of 40.6%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is Cummins's dividends paid?
Latest reported dividends paid for Cummins (CMI) is $1.08B (period ending March 31, 2026).
How has Cummins dividends paid changed year-over-year?
Cummins (CMI) dividends paid changed +8.9% year-over-year on the latest annual filing.
What is the long-term growth rate of Cummins dividends paid?
Cummins (CMI) dividends paid compound annual growth rate is +6.2% over the most recent 5 years available.
When did Cummins dividends paid hit its highest annual value?
Cummins dividends paid reached its highest annual value of $1.05B in 2025.
What was Cummins dividends paid in 2024?
Cummins (CMI) dividends paid in 2024 was $969.00M.
What was Cummins dividends paid in 2025?
Cummins (CMI) dividends paid in 2025 was $1.05B.
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