The free dividend tracker to help you grow your wealth. Link your brokerage accounts and MerryDiv automatically syncs your holdings and dividends.
Data last updated: Oct 19, 2026
Snapshot (as of Oct 19, 2026): Cummins Inc. (CMI) pays a $8.00 annual dividend ($2.20 quarterly), yielding 1.66% at $531.33/share. Next ex-dividend date 2026-11-20. 22 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 1.66%
Annual Dividend: $8.00 per share
Payout Ratio: 40.9%
Ex-Dividend Date: 2026-11-20
Dividend Frequency: quarterly
Sector: Industrials
Years of Dividend History: 43
Cummins Inc. dividend investors are buying into a 105-year-old industrial powerhouse that builds diesel and natural gas engines, electric powertrains, and power generation systems for commercial trucks, construction equipment, and defense applications worldwide. The current yield is 1.54%, with a trailing annual dividend rate of $8.20 per share paid quarterly. The next ex-dividend date is August 21, 2026. With a beta of 1.226, CMI stock carries above-average market sensitivity, making it a better fit for growth-and-income investors than pure income seekers.
Cummins Inc. pays out 40.7% of earnings as dividends, a payout ratio classified as moderate (40-60%). That level leaves meaningful room to absorb earnings pressure without touching the dividend, and CMI's broad product base, spanning engines, filtration systems, emission controls, and aftermarket parts and services, supports recurring demand across multiple end markets. Cummins Inc. dividend safety faces its most credible test from the company's active investment in electrified power systems, battery technologies, and hydrogen production, which are capital-intensive bets that could compete with dividend capacity over time.
Cummins Inc. dividend history shows a CAGR of 13.3% per year from 2011 to 2025. The per-share dividend grew from $1.325 in 2011 to $7.64 in 2025 (2026 is a partial year and excluded from this calculation). The smallest annual increase in the window was 5.2% in 2017, which sets a floor for what slower growth looks like even in a soft year.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +8.1% | $6.04 (2022) | $7.64 (2025) |
| 5-Year | +7.7% | $5.28 (2020) | $7.64 (2025) |
| 10-Year | +8.1% | $3.51 (2015) | $7.64 (2025) |
CMI stock fits growth-and-income investors who want dividend growth well above inflation and can accept a low current yield in exchange. At 1.54%, the yield is classified as low (below 2%), and it sits above the 5-year average of 1.23%, which reflects recent price softness rather than a step-change in payout generosity. The 40.7% payout ratio keeps the dividend well-covered, and 22 consecutive years of increases show a clear commitment to growing the payment. The trade-off is straightforward: investors get a fast-growing dividend backed by a diversified industrial business, but they give up meaningful current income to own it.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-21 | $2.2000 |
| 2026-05-22 | $2.0000 |
| 2026-02-20 | $2.0000 |
| 2025-11-21 | $2.0000 |
| 2025-08-22 | $2.0000 |
| 2025-05-23 | $1.8200 |
| 2025-02-21 | $1.8200 |
| 2024-11-22 | $1.8200 |
| 2024-08-23 | $1.8200 |
| 2024-05-23 | $1.6800 |
| Year | Total Dividends |
|---|---|
| 2026 | $6.2000 |
| 2025 | $7.6400 |
| 2024 | $7.0000 |
| 2023 | $6.5000 |
| 2022 | $6.0400 |
Project income from CMI with the CMI dividend calculator or track your full portfolio with the dividend tracker.