CUMMINS INC (CMI) closed fiscal year 2025 with 138 M shares outstanding and a dividend of 7.64 USD per share.
CUMMINS INC (CMI) closed fiscal year 2025 with 138 M shares outstanding and a dividend of 7.64 USD per share. Over the year the share count rose by 700 k shares on a net basis, typically through stock-based compensation and options. Since 2008 the share count has shrunk by 29.7 %. The dividend per share was 7.64 USD, up 9.1 % year on year. Total dividends paid came to 1,055 M USD, spread over 4 payments. The series covers 19 fiscal years, from 2007 to 2025. Per-share amounts are stated in USD. Share counts and dividends come from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares outstanding, year-end | 197M | 201M | 198M | 192M | 190M | 187M | 182M | 175M | 168M | 166M | 158M | 151M | 148M | 143M | 141M | 142M | 137M | 138M |
| Shares issued — SBC/options | — | 4,769k | 0.00k | 0.00k | 0.00k | 0.00k | 0.00k | 0.00k | 0.00k | 0.00k | 0.00k | 0.00k | 0.00k | 0.00k | 0.00k | 500k | 0.00k | 700k |
| Shares issued (%) | — | 2.37 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.35 % | 0.00 % | 0.51 % |
| Shares repurchased | — | 0.00M | -3.50M | -5.80M | -2.20M | -3.10M | -4.50M | -7.00M | -7.00M | -2.50M | -7.70M | -7.30M | -3.10M | -5.10M | -1.20M | 0.00M | -4.40M | 0.00M |
| Shares repurchased (%) | — | 0.00 % | -1.77 % | -3.02 % | -1.16 % | -1.66 % | -2.47 % | -4.00 % | -4.16 % | -1.51 % | -4.87 % | -4.84 % | -2.10 % | -3.58 % | -0.85 % | 0.00 % | -3.20 % | 0.00 % |
| Net addition/reduction | — | 4.77M | -3.50M | -5.80M | -2.20M | -3.10M | -4.50M | -7.00M | -7.00M | -2.50M | -7.70M | -7.30M | -3.10M | -5.10M | -1.20M | 0.50M | -4.40M | 0.70M |
| Net addition/reduction (%) | — | 2.37 % | -1.77 % | -3.02 % | -1.16 % | -1.66 % | -2.47 % | -4.00 % | -4.16 % | -1.51 % | -4.87 % | -4.84 % | -2.10 % | -3.58 % | -0.85 % | 0.35 % | -3.20 % | 0.51 % |
Fiscal year end: December
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend per share (DPS) | 0.60 | 0.70 | 0.88 | 1.33 | 1.80 | 2.25 | 2.81 | 3.51 | 4.00 | 4.21 | 4.44 | 4.90 | 5.28 | 5.60 | 6.04 | 6.50 | 7.00 | 7.64 |
| Payout Ratio (%) | 16.16 % | 32.94 % | 16.54 % | 13.80 % | 20.67 % | 28.32 % | 31.01 % | 44.46 % | 48.49 % | 70.17 % | 33.54 % | 33.67 % | 43.71 % | 37.96 % | 39.75 % | 125.31 % | 24.56 % | 37.11 % |
| Number of payments | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 |
| Dividends paid (total) | 122M | 141M | 172M | 255M | 340M | 420M | 512M | 622M | 676M | 701M | 718M | 761M | 782M | 809M | 855M | 921M | 969M | 1,055M |
| Dividend Yield (%) | 2.39 % | 1.48 % | 0.80 % | 1.51 % | 1.70 % | 1.61 % | 1.92 % | 3.93 % | 2.93 % | 2.38 % | 3.37 % | 2.71 % | 2.36 % | 2.57 % | 2.50 % | 2.70 % | 1.99 % | 1.47 % |
Figures in USD
