Cummins Stock To Go Ex-dividend Tomorrow (CMI)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- The ex-dividend date for Cummins (NYSE: CMI) is tomorrow, February 20, 2013. Owners of shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $118.55 as of 9:31 a.m. ET, the dividend yield is 1.7%.

The average volume for Cummins has been 1.7 million shares per day over the past 30 days. Cummins has a market cap of $22.66 billion and is part of the industrial goods sector and industrial industry. Shares are up 10% year to date as of the close of trading on Friday.

Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, and engine-related component products worldwide. It operates in four segments: Engine, Components, Power Generation, and Distribution. The company has a P/E ratio of 13.8, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Cummins as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Cummins Ratings Report.

See our dividend calendar or top-yielding stocks list.

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