Cummins Inc. (NYSE:CMI) will begin trading ex-dividend on August 20, 2020. The quarterly dividend payment of $ 1.311 per share is scheduled to be paid on September 3, 2020. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date, latest at the end of the trading session on August 20, 2020.
Dividends History
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Recent Earnings Announcement
Cummins Inc. came out with income for the first quarter of $ 3.18 per share, from the revenue of $ 5,011.00 million. The quarterly earnings lowered 24.29 percent while revenues shrunk 16.54 percent compared with the same quarter last year.
Street analysts expected Cummins Inc. to report income of $ 2.20 per share on revenue of $ 4934.92 million for the first quarter. The bottom line results beat street analysts by $ 0.98 or 44.55 percent, at the same time, top line results topped analysts by $ 76.08 million or 1.54 percent.
Stock Performance
According to the previous trading day, closing price of CMI was $ 211.17, representing a 109.02 % increase from the 52 week low of $ 101.03 and a 1.98 % decrease over the 52 week high of $ 215.43.
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The company has a market capital of $ 31.18 billion and is part of the Industrials sector and Diversified Industrials industry.
Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, and powertrain-related component products worldwide. It operates in five segments: Engine, Distribution, Components, Power Systems, and Electrified Power.
