Cummins Stock To Go Ex-dividend Tomorrow (CMI)
NEW YORK (
) -- The ex-dividend date for
(NYSE:
) is tomorrow, February 22, 2012. Owners of shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $122.46 as of 9:30 a.m. ET, the dividend yield is 1.3%.
The average volume for Cummins has been 2.6 million shares per day over the past 30 days. Cummins has a market cap of $20.6 billion and is part of the
sector and
industry. Shares are up 38.7% year to date as of the close of trading on Friday.
Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, electric power generation systems, and engine-related component products worldwide. It operates in four segments: Engine, Power Generation, Components, and Distribution. The company has a P/E ratio of 12.8, above the average industrial industry P/E ratio of 12.5 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Cummins as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full
.
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