Cummins Dividends and Buybacks
Dividend criteria checks 3/6
Cummins is a dividend paying company with a current yield of 1.93% that is well covered by earnings. Next payment date is on 5th December, 2024 with an ex-dividend date of 22nd November, 2024.
Key information
1.9%
Dividend yield
0.008%
Buyback Yield
| Total Shareholder Yield | 1.9% |
| Future Dividend Yield | 2.1% |
| Dividend Growth | -0.6% |
| Next dividend pay date | 05 Dec 24 |
| Ex dividend date | 22 Nov 24 |
| Dividend per share | €6.686 |
| Payout ratio | 46% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: CMI's dividends per share have been stable in the past 10 years.
Growing Dividend: CMI's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Cummins Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (CMI) | 1.9% |
| Market Bottom 25% (AT) | 2.1% |
| Market Top 25% (AT) | 6.2% |
| Industry Average (Machinery) | 4.7% |
| Analyst forecast (CMI) (up to 3 years) | 2.1% |
Notable Dividend: CMI's dividend (1.93%) isn’t notable compared to the bottom 25% of dividend payers in the Austrian market (2.11%).
High Dividend: CMI's dividend (1.93%) is low compared to the top 25% of dividend payers in the Austrian market (6.26%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (45.6%), CMI's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (296.3%), CMI's dividend payments are not well covered by cash flows.