Cummins India Dividend yield

 Price  1,707.75
 Dividend  24.93
 Earnings  44.59
 Cash-flow  35.80
 Book value  208.26
 Equity  196.43

Cummins India is part of Automobiles and Parts business, which is part of Consumer Goods industry. Cummins India is a company from India, and his stocks are publicly traded.

Cummins India stock dividend

Cummins India paid a total dividend of 6,906 million INR last year, for a market value of 473,047 millions (Market Cap 230,676 millions). Cummins India dividend per share is 24.93 INR, and his stock market price 1,707.75 INR.

According to the chart below, where dividend yield is displayed, Cummins India has a dividend yield of 1.46%, lower than the amount offered by both the market average and companies from India. It is also lower than average of Consumer Goods industry. This low dividend yield might has several explanations: company overpriced, expanding their business,...

In addition, you should compare Cummins India stocks dividend with other Automobiles and Parts companies or other of the best India dividend stocks list.

Dividend yield of Cummins India

Cummins India Dividend Payout

About the ability of Cummins India to maintain his current dividend of INR 24.93 per share, an amount that accounts for 1.46%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Cummins India payout on ernings is currently 55.91%, which is higher than the market average, and companies of Consumer Goods industry, which are 39.34% and 40.18% respectively. Both figures show that Cummins India can have problems to keep with his present dividend yield.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of Cummins India is INR 35.80 per share, which is higher than the dividend per share paid by the company of INR 24.93, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Cummins India, compared againt world market average, India companies, Consumer Goods industry and Automobiles and Parts sector companies.

Cummins India payout

Cummins India Dividend History

Below you will find a table with the historical evolution of Cummins India's dividend stock, both in percentage and in INR, its Payout on Earnings and the number of shares (in case there is an split, number shares altered the dividend per share).

Year Yield  INR  Paypout  Shares* 

*In millions

Then you can see the evolution of Cummins India dividend stock, and compare it with the average of India stocks and that of the Automobiles and Parts stocks.

Cummins India stock dividend history

Cummins India Stock performance

Finally, last moth Cummins India showed a return of -13.20% compared to a worldwide -2.49% average, and a -1.86% of Consumer Goods firms. Over the last year, the company obtained a 43.20% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for India and Automobiles and Parts firms.

Cummins India stock and market return