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Cummins Inc. (CMI)

- NYSE
  • Mon, May 18, 3:03 PM
    • Goldman's sees the S&P 500 hitting a mid-year high of 2,150 by mid-year, but fading to 2,100 by year-end after the Fed hikes rates. Its 12-month forecast of 2,125 stands against the current level of 2,130.
    • With appreciation returns expected to be nil, Goldman suggests having a look at its dividend growth portfolio - a sector-neutral basket of 50 stocks. They have a median yield of 2.5% and are expected to boost payouts by 16% this year and 12% in 2016. The group's P-E ratio is 15 vs. 17.3 for the S&P 500.
    • The ten highest-yielding additions: Harley-Davidson (NYSE:HOG) - with a 2.3% yield, Home Depot (NYSE:HD) - 2.1%, Dr. Pepper Snapple (NYSE:DPS) - 2.5%, National Oilwell Varco (NYSE:NOV) - 3.6%, Regions Financial (NYSE:RF) - 2.3%, Baxter International (NYSE:BAX) - 3.1%, Cummins (NYSE:CMI) - 2.4%, Seagate Technology (NASDAQ:STX) - 3.9%, International Paper (NYSE:IP) - 3.1%, AES Corp (NYSE:AES) - 3%.
    • Looking over a ten-year horizon, Goldman expects dividends to account for 46% of the S&P 500's 5% annualized return, up from 20% during the current bull market which started in 2009.
    • ETFs: DVY, SCHD, ADX, SDOG, DLN, DHS, FDL, DTD, FVD, DVYL, SDYL
    | 21 Comments
  • Tue, May 12, 3:19 PM
    • Cummins (NYSE:CMI) declares $0.78/share quarterly dividend, in line with previous.
    • Forward yield 2.21%
    • Payable June 1; for shareholders of record May 21; ex-div May 19.
    | Comment!
  • Mon, Feb. 9, 6:10 AM
    • Cummins (NYSE:CMI) declares $0.78/share quarterly dividend, in line with previous.
    • Forward yield 2.3%
    • Payable March 2; for shareholders of record Feb. 18; ex-div Feb. 13.
    | Comment!
  • Oct. 14, 2014, 4:14 PM
    • Cummins (NYSE:CMI) declares $0.78/share quarterly dividend, in line with previous.
    • Forward yield 2.44%
    • Payable Dec. 1; for shareholders of record Nov. 20; ex-div Nov. 18.
    | Comment!
  • May 13, 2014, 3:23 PM
    | Comment!
  • Feb. 11, 2014, 3:01 PM
    • Cummins Inc. (CMI) declares $0.625/share quarterly dividend, in line with previous.
    • Forward yield 1.84%
    • Payable March 3; for shareholders of record Feb. 21; ex-div Feb. 19.
    | Comment!
  • Oct. 15, 2013, 3:03 PM
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  • May 15, 2013, 7:27 AM
    Cummins Inc. (CMI) declares $0.50/share quarterly dividend, in line with previous. Forward yield 1.74%. For shareholders of record May 24. Payable June 3. Ex-div date May 22. (PR)
    | Comment!
  • Feb. 12, 2013, 5:47 PM
    Cummins Inc. (CMI) declares $0.50/share quarterly dividend, in line with previous. Forward yield 1.68%. For shareholders of record Feb. 22. Payable Mar. 01. Ex-div date Feb. 20. (PR)
    | Comment!
  • Oct. 16, 2012, 10:41 AM
    Cummins (CMI) declares $0.50/share quarterly dividend, in line with previous. Forward yield 2.22%. For shareholders of record Nov 23. Payable Dec 03. Ex-div date Nov 21. (PR)
    | Comment!
  • Jul. 10, 2012, 2:02 PM
    Cummins (CMI): Declares $0.50/share quarterly dividend, 25% increase from prior dividend of $0.40. Dividend yield 2.1%. For shareholders of record Aug 22; payable Sep 01; ex-div date Aug 20. (PR)
    | Comment!
  • Jul. 10, 2012, 1:49 PM
    Cummins (CMI) -4.4% after it cutting its full-year revenue outlook for 2012 to be in line with 2011's $18.05B vs. previous guidance for an increase of 10%. Analyst expect $19.84B. The firm also forecasts Q2 revenues of $4.45B vs. $4.64B last year and consensus of $5.07B. More positively, Cummins raises its quarterly dividend to $0.50 a share from $0.40. (PR)
    | 4 Comments
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Company Description
Cummins Inc designs, manufactures, distributes and services diesel and natural gas engines, electric power generation systems and engine-related component products.