Cummins, Inc. Recognized for Social Responsibility and Attractive Dividends
Dividend Channel Names CMI a Leading Socially Responsible Dividend Stock
Cummins, Inc. (Symbol: CMI) has earned the title of a Top Socially Responsible Dividend Stock from Dividend Channel. This distinction highlights its impressive “DividendRank” statistics, including a robust 2.0% yield. Additionally, well-known asset managers have identified the company as a socially responsible investment based on thorough evaluations of its social and environmental practices.
Evaluating Cummins’ environmental responsibility includes analyzing the impact of its products and services as well as how efficiently the company uses energy and resources. Social factors assessed involve human rights practices, child labor considerations, corporate diversity policies, and broader societal impacts. Specifically, their business activities connected to weapons, gambling, tobacco, and alcohol are scrutinized as part of this assessment.
In the ETF Finder at ETF Channel, Cummins, Inc. is featured in both the iShares MSCI USA ESG Select ETF (SUSA), where it constitutes 232.44% of the fund’s underlying holdings, and the iShares MSCI KLD 400 Social Index Fund ETF (DSI), making up 62.00% of its holdings.
The annualized dividend for Cummins, Inc. stands at $7.28 per share, distributed quarterly. The latest dividend was paid out with an ex-date of November 22, 2024. Below, you can see a long-term dividend history chart for CMI, an essential consideration in evaluating the sustainability of its recent dividend payouts.
CMI operates within the Auto Parts sector, alongside notable companies such as Honeywell International Inc (HON) and Magna International Inc (MGA).
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
