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, May 22, 2013. Owners of shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $118.45 as of 9:31 a.m. ET, the dividend yield is 1.7%.

The average volume for Cummins has been 1.8 million shares per day over the past 30 days. Cummins has a market cap of $22.09 billion and is part of the industrial goods sector and industrial industry. Shares are up 7.5% year to date as of the close of trading on Monday.

Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, and engine-related component products. It operates in four segments: Engine, Components, Power Generation, and Distribution. The company has a P/E ratio of 15, below the S&P 500 P/E ratio of 17.7.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

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, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Cummins Ratings Report.

See our dividend calendar or top-yielding stocks list.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.
null

If you liked this article you might like

Cummins Has Been a Great Long, Recent Price Action Suggests a Shift

Cummins Has Been a Great Long, Recent Price Action Suggests a Shift

Start Your Engines, Cummins' Dip Seems Done

Start Your Engines, Cummins' Dip Seems Done

A Regular Winning Trade Becomes Roadkill in Market Meltdown

A Regular Winning Trade Becomes Roadkill in Market Meltdown

Jim Cramer: The Surprising Stock Market Winners That Investors Are Chasing

Jim Cramer: The Surprising Stock Market Winners That Investors Are Chasing

Stock Market Bears Are the Dumbest Thing on Wall Street

Stock Market Bears Are the Dumbest Thing on Wall Street