CMI · 10-Q · 2026Q3 · Full report

Capital Return Program

CUMMINS INC · 2026-11-05 · Importance 50 · Surprise 58 · In source text

Cummins paid $854 million in dividends during the first nine months of 2026. In July 2026, the Board raised the quarterly dividend 10%, from $2.00 to $2.20 per share. The company completed its 2019 $2.0 billion repurchase authorization in the first quarter of 2026 and began purchasing shares under the 2021 $2.0 billion authorization. By September 30, 2026, $1.385 billion remained authorized under the 2021 program; management said it intended to repurchase shares from time to time during 2026.

Key facts

• Cummins completed its 2019-authorized $2.0 billion stock repurchase plan in the first quarter of 2026; the December 2021 Board authorization provides for up to $2.0 billion of additional repurchases upon completion of that plan. source
• In July 2026, Cummins' Board increased the quarterly dividend by 10 percent, from $2.00 to $2.20 per share. source
• In July 2026, Cummins' Board authorized a 10 percent increase in the quarterly dividend, from $2.00 to $2.20 per share. source
• Cummins repurchased $833 million, or 1.4 million shares, of common stock in the first nine months of 2026. source
• Cummins intends to repurchase outstanding shares from time to time during 2026 to enhance shareholder value. source
• Cummins paid $854 million in dividends during the nine months ended September 30, 2026. source
• Cummins repurchased 1.4 million shares at an average cost of $586.33 per share during the first nine months of 2026. source
• Cummins' diluted EPS for the three months ended September 30, 2026, benefited $0.01 from fewer weighted-average shares due to the stock repurchase program. source

Impact estimates