Cummins Inc. (NYSE:CMI) will begin trading ex-dividend on November 19, 2020. The quarterly dividend payment of $ 1.35 per share is scheduled to be paid on December 3, 2020. The dividend yield based on the latest trading day closing price was 2.28 percent. Shareholders who purchased CMI shares prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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Cummins Inc. recently reported second quarter financial results on July 28, 2020, before market open, the Columbus based company unveiled income for the second quarter of $ 1.86 per share, from the revenue of $ 3,852.00 million. The quarterly earnings contracted 56.44 percent while revenues declined 38.08 percent compared with the same quarter last year.
According to street consensus, CMI was expected to report 2Q20 income of $ 0.91 per share from revenue of $ 3693.58 million. The bottom line results beat street analysts by $ 0.95 or 104.40 percent, at the same time, top line results outshined analysts by $ 158.42 million or 4.29 percent.
Stock Performance
On Friday, shares of Cummins Inc. has traded high as $ 236.87 and has cracked $ 233.82 on the downward trend, reaching $ 236.55 with volume of 859.20 thousand shares.
According to the previous trading day, closing price of $ 236.55, representing a 130.76 % increase from the 52 week low of $ 101.03 and a 4.71 % decrease over the 52 week high of $ 244.67.
The company has a market capital of $ 35.01 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.
