# Cummins (CMI) — Dividends

CMI · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/cmi/dividends

## Dividend summary

| Metric | Value |
| --- | --- |
| Frequency | quarterly |
| Trailing 12 months | $8.20 |
| Forward yield | 1.54% |
| Growth streak | 5 years |

Cummins pays a quarterly dividend of $2.20 per share. Its next payment is already declared, with an [ex-date](/instructions/learning/ex-dividend-date) of November 20, 2026 and a pay date of December 3, 2026. The most recent paid dividend went ex on August 21, 2026 and was paid on September 3, 2026. Over the trailing twelve months, it paid $8.20 per share, a [yield](/instructions/learning/dividend-yield) of about 1.54% at a share price of $532.73.

After a small raise from $1.311 to $1.35 in November 2020, Cummins has raised its dividend once a year with the payment that goes ex-dividend in August. The rate went to $1.45 in 2021, $1.57 in 2022, $1.68 in 2023, $1.82 in 2024, $2.00 in 2025 and $2.20 in 2026. Those raises ranged from 10 to 20 cents, or about 7.0% to 10.0%. The quarterly rate is about 68% higher than in 2019. Payments by calendar year rose from $5.28 in 2020 to $7.64 in 2025. The company has increased its dividend for five consecutive years.

If the pattern holds, the payment after the declared one would go ex-dividend in late February 2027 and be paid in early March. Past raises have come with the August payment.

## Payment history

| Ex-date | Pay date | Amount per share |
| --- | --- | --- |
| Nov 20, 2026 | Dec 3, 2026 | $2.20 |
| Aug 21, 2026 | Sep 3, 2026 | $2.20 |
| May 22, 2026 | Jun 4, 2026 | $2.00 |
| Feb 20, 2026 | Mar 5, 2026 | $2.00 |
| Nov 21, 2025 | Dec 4, 2025 | $2.00 |
| Aug 22, 2025 | Sep 4, 2025 | $2.00 |
| May 23, 2025 | Jun 5, 2025 | $1.82 |
| Feb 21, 2025 | Mar 6, 2025 | $1.82 |
| Nov 22, 2024 | Dec 5, 2024 | $1.82 |
| Aug 23, 2024 | Sep 5, 2024 | $1.82 |
| May 23, 2024 | Jun 6, 2024 | $1.68 |
| Feb 22, 2024 | Mar 7, 2024 | $1.68 |
| Nov 22, 2023 | Dec 7, 2023 | $1.68 |
| Aug 24, 2023 | Sep 7, 2023 | $1.68 |
| May 18, 2023 | Jun 1, 2023 | $1.57 |
| Feb 23, 2023 | Mar 9, 2023 | $1.57 |
| Nov 17, 2022 | Dec 1, 2022 | $1.57 |
| Aug 18, 2022 | Sep 1, 2022 | $1.57 |
| May 19, 2022 | Jun 2, 2022 | $1.45 |
| Feb 17, 2022 | Mar 3, 2022 | $1.45 |

## Frequently Asked Questions

### Does Cummins (CMI) pay a dividend?

Yes. Cummins pays a quarterly dividend; the most recent payment was $2.20 per share.

### What is CMI's dividend yield?

Cummins paid $8.20 per share over the trailing twelve months, a yield of 1.54% at the last price of $532.73. [Click here to learn more](https://www.lighthorse.io/instructions/learning/dividend-yield)

### When is CMI's next ex-dividend date?

Cummins's next ex-dividend date is Nov 20, 2026, payable on Dec 3, 2026.

### What is the difference between ex and payment dates?

An ex-date is the cutoff day for ownership, the payment date is when the distribution actually happens. [Click here to learn more](https://www.lighthorse.io/instructions/learning/ex-dividend-date)

### Has CMI been raising its dividend?

Yes — Cummins has increased its dividend for 5 consecutive calendar years.

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Dividend amounts and dates are supplied by third parties and may be revised. Declaring, raising, cutting or suspending a dividend is entirely at the issuer’s discretion, and scheduled dates are estimates until declared. A past record of payments does not mean future payments will be made. Nothing here suggests trading around a distribution.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).