As per Cummins Inc. (NYSE:CMI) statement on 2016-07-15, the shareholders would receive dividend for the gone quarter. The company confirmed that it will disburse $1.025 per share as dividend to stakeholders. The record date is set as 2016-08-22, the payout date as 2016-09-01 and the ex-dividend date is 2016-08-18.
Last fiscal Cummins Inc. (NYSE:CMI) disbursed cash dividend of $1.025. A year ago, the payout was $1.025, which indicates a difference of 24.911%. The past track record of five years substantiates that the average payout as given by the firm stands at $1.025, implying 32.0261% growth.
For the period ended on 2015-12-31, Cummins Inc. (NYSE:CMI)’s earnings came at $2.4 per share compared to EPS of $2.14 a year ago. This quarter the firm can post earnings for quarter ending 2016-09-30 on or around 2016-10-25. For this quarter, the analysts have earnings estimate of $1.93 per share.
The interim price target for Cummins Inc. (NYSE:CMI) is set at $112. This level is the mean price reached by averaging the stock views of 11 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate for Cummins Inc. (NYSE:CMI) is seen at $135 and the lowest level is established at $95. This broad range highlights a standard deviation of $12.545 in reported estimates.
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