Cummins Inc. (NYSE:CMI) Updates On Dividend Release Date


On 2016-07-15, Cummins Inc. (NYSE:CMI) confirmed the dividend disbursement of $1.025 a share to shareholders as on record 2016-08-22. The firm will release dividend on 2016-09-01 while ex-dividend date is reported to be 2016-08-18.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Cummins Inc. (NYSE:CMI) paid a total of $1.025 per share in dividends. This figure stood at $1.025 a share in the same period a year ago indicating a deviation of 24.911%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $112.333 on the stock. This figure is the average of recommendations offered by 12 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $135 and $95, respectively.

Taking the mathematical rating formula, the price for Cummins Inc. (NYSE:CMI) stands at 3.13. Earnings Review Cummins Inc. (NYSE:CMI) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-25. For the period ending on 2016-09-30, experts are expecting EPS of $1.93.

Coming to the quarter ending on 2015-12-31, Cummins Inc. (NYSE:CMI) recorded EPS of $2.4. The reported numbers came lower than the analysts’ estimates of $2.15, demonstrating a miss of $0.25 as against reported figures.

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