Why Cummins is a leading socially responsible dividend (CMI) stock



Cummins, Inc. (Symbol: CMI) has been named one of the best socially responsible dividend stocks by Dividend Channel, meaning a stock with above-average results. ”Dividend rank” statistics including a high return of 2.6%, as well as being recognized by leading asset managers as being a socially responsible investment, thanks to the analysis of social and environmental criteria. Environmental criteria include considerations such as the environmental impact of the company’s products and services, as well as the company’s efficiency in terms of energy and resource use. Social criteria include things like human rights, child labor, business diversity and the business’s impact on society – for example, business activities related to weapons, gambling , tobacco and alcohol would be considered.

According to ETF Channel’s ETF Finder, Cummins, Inc. is a member of both the iShares MSCI USA ESG Select (SUSA) ETF, representing 0.59% of the fund’s underlying holdings, as well as the iShares MSCI KLD 400 Social Index Fund ETF (DSI), where CMI represents 0.16% of the fund’s underlying holdings.

The annualized dividend paid by Cummins, Inc. is $6.28/share, currently paid in quarterly installments, and its most recent ex-dividend date was 05/18/2023. Below is a graph of CMI’s long-term dividend history, which the DividendRank report highlighted as critically important. Indeed, studying a company’s past dividend history can be a great help in judging whether the most recent dividend is likely to continue.

CMI operates in the automotive parts sector, among companies such as Honeywell International Inc (HON) and Aptiv PLC (APTV).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



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