As per Cummins Inc. (NYSE:CMI)’s news release on 2016-05-10, its shareholders will get cash dividend of $0.975 per share. The recent press release updated on the record date and payout date, which stands at 2016-05-20 and 2016-06-01, respectively.
The stock of Cummins Inc. (NYSE:CMI) will commence trading ex-dividend from 2016-05-18, until which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Cummins Inc. (NYSE:CMI) disbursed $3.9 in dividend compared to distribution of $2.81, a year ago. It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 24.911%.
The past track record of five years substantiates that the average payout of Cummins Inc. (NYSE:CMI) stands at $2.339, implying 32.0261% growth. The company recorded earnings of $2.62 a share in the preceding fiscal.
The interim price target for Cummins Inc. (NYSE:CMI) is set at $112.923. This level is the mean price reached by averaging the stock views of 13 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate is seen at $160 and the lowest level is established at 95. This broad range highlights a standard deviation of $18.382 in reported estimates.
AlphaOne has allotted A sentiment score of -0.154 to Cummins Inc. (NYSE:CMI) while impact score assigned is 76 as on as on 2016-06-22.
1 Chart Pattern Every Investor Should Know
This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...