Dividend Increase – CMI

WOW, Three divided increase in one day! When can you say you got three pay increase in one day from your job?

Cummins Inc. (CMI) just declared $1.08 quarterly dividend. This is an increase of 5.4% from $1.025.

I own 24 shares, so this will increase my annual dividend income by $5.28 to $3,812.36

I updated both my Passive Income page as well as my Portfolio page to reflect the changes.

My Thoughts:

I am very happy with my holding of CMI and do not plan to add more shares anytime soon unless there is a big drop in price. I have been doing very well with this holding as I am up 62.43%. 

I am very happy with this increase as well! Last year they increased it by 5.1% and the year before 25%.

I find the stock to be  slight overvalued and I would recommend a Hold.

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Do you own CMI? Happy about the dividend increase?

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