Current stock page

Dividends

CMI Dividend History, Yield & Dates

Dividend Yield · Dividend History · Ex-Dividend Date · Payment Date

IndustrialsIndustrial - MachineryScore data as of Oct 21, 2026

CMICummins Inc.

Industrials / Industrial - Machinery

Relative Leader / Watch

Strong Relative Position

NeutralEdge 8/10
$542.21+$5.99 (+1.12%)

Latest quote

  • Momentum
    66
  • Value
    59
  • Quality
    54
  • Risk resilience
    64
  • Sentiment
    —
algovestiq.comScore data as of Oct 21, 2026

CMI Dividend answer

Cummins Inc. (CMI) pays a quarterly dividend. Forward dividend yield: 1.62%, or $8.80 a year at the latest dividend. Trailing 12-month yield: 1.51%, from $8.20 per share paid over the past year. Its latest dividend was $2.20 per share. Latest ex-dividend date: Nov 20, 2026. Payment date: Dec 3, 2026. Next dividend status: announced at $2.20 per share.

CMI Dividend Snapshot

Yield, annual dividend, latest payment, payout coverage, growth, and dividend history are emphasized for this stock. Yield methodology is labeled separately from payout coverage.

History
48
dividends captured
Growth years
10
raw events; specials not isolated
Durability score
80/100
coverage and consistency proxy
Shareholder yield
0.51%
0.23% buyback yield

Next CMI Dividend Date

When CMI next goes ex-dividend, the amount where it has been declared, and whether that state is announced, projected or not yet known.

Next CMI dividend

$2.20 per share

CMI's announced dividend calendar data is shown separately from historical payments so future dates do not get blended into completed dividend history.

Ex-date
Nov 20, 2026
announced
Pay date
Dec 3, 2026
Frequency
quarterly

Latest CMI Dividend Dates

Aug 21, 2026

Review the latest dividend, yield, available trailing-year income, and coverage context before treating income as durable.

Dividend yield
1.51%
Trailing 12-month dividend yield
1.51%
TTM dividends / latest available price
Forward dividend yield
1.62%
Latest dividend × 4 a year = $8.80 / latest price
Trailing annual dividend
$8.20
9.92% vs prior complete year
Latest dividend
$2.20
10.00% vs prior payment
Frequency
quarterly
Inferred from available dividend events
Ex-dividend date
Nov 20, 2026
Calendar endpoint
Payment date
Dec 3, 2026
Calendar endpoint
Next dividend
Announced: $2.20
Amount status independent from ex-date
Payout ratio
40.70%
Dividend as a share of earnings where available
FCF payout
33.63%
Dividend as a share of free cash flow per share
FCF coverage
2.97x
Free cash flow per share divided by dividend

AIQ Dividend bridge

Quality54/100

Margins, returns, leverage, and cash conversion support dividend durability.

Value59/100

Yield is more useful when valuation context is not stretched.

Risk resilience64/100

Lower drawdown and balance-sheet risk can improve income dependability.

CMI Dividend History

Recent per-share dividends show payment cadence. Trailing-year and growth reads are shown only when the available rows cover a complete comparable window.

Dividend reliability

Active payer

Recent dividend payments are summarized as cadence and coverage signals. Exact rows remain below for auditability.

Yield
1.51%
Current income rate
TTM trend
Trailing income rising
9.92% vs prior complete year
FCF coverage
Covered by FCF
2.97x
Payout ratio
40.70%
Earnings payout context
Recent dividend cadence
8 records
Nov 24
$1.82
Feb 25
$1.82
May 25
$1.82
Aug 25
$2.00
Nov 25
$2.00
Feb 26
$2.00
May 26
$2.00
Aug 26
$2.20

CMI Annual Dividend History

2016 - 2026
11 plotted years

CMI Dividend Growth

+9.92% 1Y
Latest increase +10.00%
Latest CMI Dividend: Declaration, Ex-Date & Payment
Declared
Jul 12, 2026
Ex-date
Aug 21, 2026
Record
Aug 21, 2026
Paid
Sep 3, 2026

Latest row amount $2.20, event yield 1.40%.

Event field coverage
Declaration40/40
Record40/40
Payment40/40
Frequency40/40
History depth
40 rows
FMP dividend events via canonical L3
Data through
Aug 21, 2026
latest covered ex-date
Last checked
Sep 30, 2026
independent from event date
Date coverage
40/40 pay
40/40 record dates

This page labels the feed as recent history when multi-year rows, payment dates, or record dates are incomplete. Announced calendar dates are separated from completed dividend history.

Dividend growth

CMI regular dividend growth, 2020–2025
5-year regular dividend CAGR
7.66%
Cohort rank
#154
Cohort standing
Top half
Industrials rank
#31
2020 regular DPS
$5.283
2025 regular DPS
$7.640
Absolute change
$2.357
Years increased
5
Years reduced
0

CMI's split-adjusted regular dividend per share grew at 7.66% a year from 2020 through 2025, ranking #154 among US dividend-paying corporations that never cut the payout in AlgovestIQ's study.

Split-adjusted regular dividends per share, 2020–2025, excluding special dividends. Research as of Sep 19, 2026.

CMI Dividend Yield

How CMI's trailing 12-month dividend yield is calculated, and what it does and does not account for.

Yield methodology

Trailing 12-month dividend yield

CMI's trailing dividend yield is the regular dividends paid over the last twelve months divided by the latest available share price. Payouts classified as special or supplemental are excluded, because a one-off payment is not recurring income. It is a backward-looking measure and is not the same as a forward yield, which annualises the most recent declared payment instead.

Trailing 12-month dividend yield
1.51%
Trailing 12-month dividends
$8.20

Dividend coverage

What CMI's dividend is paid out of

Coverage is read from earnings and cash flow rather than from the yield. A payout ratio leaves room, or does not; free cash flow either covers the payment, or the company is funding it another way. These are inputs to a judgement, not a guarantee of future payments.

Payout ratio
40.70%
FCF coverage
2.97x

Recent CMI dividend payments

40 covered dividends
Showing latest 5 of 40 rows
Ex-dateDividendAdjustedYield at ex-dateFrequencyTTM adjustedDeclaredRecord datePayment date
Aug 21, 2026$2.20
$2.20
1.40%Quarterly$8.20Jul 12, 2026Aug 21, 2026Sep 3, 2026
May 22, 2026$2.00
$2.00
1.25%Quarterly$8.00May 12, 2026May 22, 2026Jun 4, 2026
Feb 20, 2026$2.00
$2.00
1.32%Quarterly$7.82Feb 10, 2026Feb 20, 2026Mar 5, 2026
Nov 21, 2025$2.00
$2.00
1.62%Quarterly$7.64Oct 14, 2025Nov 21, 2025Dec 4, 2025
Aug 22, 2025$2.00
$2.00
1.85%Quarterly$7.46Jul 15, 2025Aug 22, 2025Sep 4, 2025
Show older history+35 rows
May 23, 2025$1.82
$1.82
2.29%Quarterly$7.28May 13, 2025May 23, 2025Jun 5, 2025
Feb 21, 2025$1.82
$1.82
1.95%Quarterly$7.14Feb 11, 2025Feb 21, 2025Mar 6, 2025
Nov 22, 2024$1.82
$1.82
1.88%Quarterly$7.00Oct 15, 2024Nov 22, 2024Dec 5, 2024
Aug 23, 2024$1.82
$1.82
2.22%Quarterly$6.86Jul 9, 2024Aug 23, 2024Sep 5, 2024
May 23, 2024$1.68
$1.68
2.37%Quarterly$6.72May 14, 2024May 24, 2024Jun 6, 2024
Feb 22, 2024$1.68
$1.68
2.51%Quarterly$6.61Feb 13, 2024Feb 23, 2024Mar 7, 2024
Nov 22, 2023$1.68
$1.68
2.90%Quarterly$6.50Oct 10, 2023Nov 24, 2023Dec 7, 2023
Aug 24, 2023$1.68
$1.68
2.77%Quarterly$6.39Jul 11, 2023Aug 25, 2023Sep 7, 2023
May 18, 2023$1.57
$1.57
2.93%Quarterly$6.28May 9, 2023May 19, 2023Jun 1, 2023
Feb 23, 2023$1.57
$1.57
2.49%Quarterly$6.16Feb 14, 2023Feb 24, 2023Mar 9, 2023
Nov 17, 2022$1.57
$1.57
2.43%Quarterly$6.04Oct 11, 2022Nov 18, 2022Dec 1, 2022
Aug 18, 2022$1.57
$1.57
2.57%Quarterly$5.92Jul 12, 2022Aug 19, 2022Sep 1, 2022
May 19, 2022$1.45
$1.45
2.87%Quarterly$5.80May 10, 2022May 20, 2022Jun 2, 2022
Feb 17, 2022$1.45
$1.45
2.61%Quarterly$5.70Feb 8, 2022Feb 18, 2022Mar 3, 2022
Nov 18, 2021$1.45
$1.45
2.46%Quarterly$5.60Oct 12, 2021Nov 19, 2021Dec 2, 2021
Aug 19, 2021$1.45
$1.45
2.38%Quarterly$5.50Jul 13, 2021Aug 20, 2021Sep 2, 2021
May 20, 2021$1.35
$1.35
2.10%Quarterly$5.36May 11, 2021May 21, 2021Jun 3, 2021
Feb 18, 2021$1.35
$1.35
2.20%Quarterly$5.32Feb 9, 2021Feb 19, 2021Mar 4, 2021
Nov 19, 2020$1.35
$1.35
2.27%Quarterly$5.28Oct 13, 2020Nov 20, 2020Dec 3, 2020
Aug 20, 2020$1.31
$1.31
2.51%Quarterly$5.24Jul 14, 2020Aug 21, 2020Sep 3, 2020
May 21, 2020$1.31
$1.31
3.33%Quarterly$5.24May 12, 2020May 22, 2020Jun 4, 2020
Feb 20, 2020$1.31
$1.31
3.04%Quarterly$5.07Feb 11, 2020Feb 21, 2020Mar 5, 2020
Nov 13, 2019$1.31
$1.31
2.71%Quarterly$4.90Oct 7, 2019Nov 14, 2019Dec 2, 2019
Aug 20, 2019$1.31
$1.31
3.24%Quarterly$4.73Jul 9, 2019Aug 21, 2019Sep 3, 2019
May 23, 2019$1.14
$1.14
2.86%Quarterly$4.56May 14, 2019May 24, 2019Jun 5, 2019
Feb 21, 2019$1.14
$1.14
2.92%Quarterly$4.50Feb 12, 2019Feb 22, 2019Mar 7, 2019
Nov 14, 2018$1.14
$1.14
3.04%Quarterly$4.44Oct 9, 2018Nov 15, 2018Dec 3, 2018
Aug 21, 2018$1.14
$1.14
3.01%Quarterly$4.38Jul 10, 2018Aug 22, 2018Sep 4, 2018
May 17, 2018$1.08
$1.08
2.95%Quarterly$4.32May 8, 2018May 18, 2018Jun 1, 2018
Feb 22, 2018$1.08
$1.08
2.55%Quarterly$4.27Feb 13, 2018Feb 23, 2018Mar 8, 2018
Nov 16, 2017$1.08
$1.08
2.52%Quarterly—Oct 10, 2017Nov 17, 2017Dec 1, 2017
Aug 16, 2017$1.08
$1.08
2.69%Quarterly—Jul 11, 2017Aug 18, 2017Sep 1, 2017
May 17, 2017$1.03
$1.03
2.67%Quarterly—May 9, 2017May 19, 2017Jun 1, 2017
Feb 22, 2017$1.03
$1.03
2.66%Quarterly—Feb 14, 2017Feb 24, 2017Mar 6, 2017
Nov 17, 2016$1.03
$1.03
2.95%Quarterly—Oct 11, 2016Nov 21, 2016Dec 1, 2016
Dividend context
How to read CMI's dividend profile

Dividend yield is only the starting point. Pair the current distribution with payout ratio, free cash flow coverage, balance-sheet risk, and the history of actual payments before treating income as durable.

Yield needs coverage

A higher yield is more useful when earnings and free cash flow cover the distribution. A yield caused by a falling stock price can be a warning, not a bargain.

Payment history matters

Stable or rising payments can indicate capital return discipline. Flat, skipped, or missing payments should be read with earnings and cash flow before drawing conclusions.

Payout ratio is context

A low payout ratio can leave room for growth; a high payout ratio can indicate limited cushion. Cyclical companies need more room than stable defensive businesses.

Focused follow-on paths for yield methodology, payout coverage, peer comparison, and income planning.

CMI Dividend Comparisons

How CMI's income profile compares with the peers it is most often weighed against.

Dividend calculators

Each calculator opens with this ticker's price and dividend loaded; every assumption stays editable.

Primary calculator
Calculate CMI dividend income

Estimate annual income, payment amount, yield and growth scenarios using CMI as ticker context.

Calculate dividend income
Secondary calculator
Model CMI dividend reinvestment

Explore a DRIP scenario without duplicating the full calculator on the dividend analysis page.

Model dividend reinvestment
Secondary calculator
Calculate CMI dividend yield

Check the current yield, annual income on your shares, and your yield on cost from the price you paid.

Calculate dividend yield
Secondary calculator
CMI yield on cost

Enter your purchase date or price to see the yield on what you paid, today's yield beside it, and the dividends collected since.

Calculate yield on cost
Continue to CMI fundamentals
Review the profitability, cash generation, and balance-sheet context behind the dividend.

CMI Dividends FAQ

Does CMI pay a dividend?

Cummins Inc. (CMI) has covered dividend payment history on this page, including a latest dividend of $2.20 per share and a quarterly cadence based on available events.

What is CMI's dividend yield?

CMI's trailing dividend yield is 1.51%. Trailing dividend yield equals dividends paid over the trailing 12 months divided by the latest available share price.

When is CMI's next dividend?

CMI's next announced dividend is $2.20 per share with an ex-dividend date of Nov 20, 2026 and payment date of Dec 3, 2026.

When is CMI's ex-dividend date?

CMI's next announced ex-dividend date is Nov 20, 2026.

How has CMI's dividend changed?

CMI's one-year dividend growth is 9.92% based on comparable covered dividend history.