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Data last updated: Sep 06, 2026
Snapshot (as of Sep 06, 2026): Cummins Inc. (CMI) pays a $8.20 annual dividend ($2.20 quarterly), yielding 1.46% at $560.75/share. Next ex-dividend date 2026-08-21. 17 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 1.46%
Annual Dividend: $8.20 per share
Payout Ratio: 40.7%
Ex-Dividend Date: 2026-08-21
Dividend Frequency: quarterly
Sector: Industrials
Years of Dividend History: 43
Cummins Inc. dividend investors are backing a 105-year-old power solutions company that builds diesel and natural gas engines, electric powertrains, and hydrogen fuel systems for commercial trucks, construction equipment, and defense applications. The current yield is 1.46%, 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 sustain payments even if earnings soften, and CMI's broad product base, spanning engines, filtration systems, emission controls, and power generation equipment sold to original equipment manufacturers and distributors worldwide, supports recurring demand across multiple end markets. Cummins Inc. dividend safety faces its clearest pressure from the company's above-average beta of 1.226, which reflects earnings exposure to industrial cycles that can compress the income available to fund the dividend.
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 data is partial and excluded from this calculation, per Cummins Inc. dividend 2026 reporting). The smallest annual increase in the window was 5.2% in 2017, and even that floor delivered a raise well above inflation.
| 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 a rising income stream from an industrial company with 17 consecutive years of dividend increases. The current yield of 1.46% is low (below 2%), and it sits above the 5-year average yield of 1.17%, which means the stock is offering slightly more income than its recent norm. The 13.3% annual dividend growth rate is the real draw here. What an investor gains is a fast-compounding payout backed by a 40.7% payout ratio that leaves room for further increases. The trade-off is a starting yield that delivers little immediate income.
| 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 |
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