Cummins (CMI) Raises Quarterly Dividend 10% to $2.20

Cummins Inc. (CMI) has announced a quarterly dividend increase of 10%, raising the payout to $2.20 per share from the previous $2.00. The new dividend is payable to shareholders of record as of the ex-dividend date, which is set for 2026-08-21.

The numbers

This marks the latest in a series of quarterly payments. Recent payments include $1.82 on 2025-05-23, $2.00 on 2025-08-22, $2.00 on 2025-11-21, $2.00 on 2026-02-20, and $2.00 on 2026-05-22. With the new rate, the annualized dividend per share stands at $8.80, based on the current quarterly payment. At the current stock price of $587.68, the trailing twelve-month (TTM) yield is 1.40%, with TTM dividend per share of $8.20. Cummins has a strong track record of dividend growth, with a 5-year compound annual growth rate (CAGR) of 7.7% and 20 consecutive years of dividend increases.

What it means for income investors

For income investors, this raise translates to an additional $0.20 per share per quarter, or $0.80 per share annually. For every 100 shares held, that equates to $220 per quarter, or $880 per year in dividend income. The company's consistent dividend growth and long history of increases may appeal to those seeking reliable income. For more details on CMI's dividend history, visit our dedicated page.

Reporting based on: DividendSmart market data. Figures verified against market data where available.