Robert Allan Schwartz's dividend growth company information web site

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Dividend bumpiness by year
Dividend compound annual growth rates by year
Which companies pay dividends in which month?
Which companies pay dividends at which frequency?
Which companies have paid dividends for how many years?
Which companies have increased their dividends by at least X% per year over the most recent Y years?
Which dividend compound annual growth rates have which bumpiness?
Which companies have which dividend bumpiness?
Which sectors and industries have which dividend bumpiness?
Which companies have slowing dividend growth?

Company: CUMMINS INC (CMI)

This page shows only data up to the final business day of 2018.

Additional financial information for this company can be found at:
Total number of dividends paid: 168.

Dividend payment frequency:

FrequencyNumber of dividends
Annually0
Semi-annually0
Quarterly168
Monthly0
Irregularly0
'none'0

Current frequency is quarterly.

Dividend payment timing:

MonthNumber of dividends
January0
February0
March42
April0
May0
June42
July0
August1
September41
October0
November1
December41

Cancellations/Discontinuations/Omissions:

StatusNumber
Cancelled0
Discontinued0
Omitted0

Dividends per share by year:

The number in parentheses is the number of non-special dividends declared/paid during that period.

How do I determine the "bumpiness" of a company?
Mathematically, I use the standard deviation around the arithmetic mean of the dividend raise percentages.
I have devised a "bumpiness metric" which will tell at a glance how smooth or bumpy a company's dividend history has been.
For you math geeks, the bumpiness is the standard deviation rounded to the nearest integer.
The result is a whole number that tells you whether a company's dividend history has been smooth or teeth-rattling.

YearDividends paidIncrease from previous yearCompound annual growth rate to 2018 fromBumpiness to 2018 fromMean to 2018 fromStandard deviation to 2018 from
1977$ 0.18375 (4) 8.078% 4114.688%41.241
1978$ 0.21375 (4) 16.327% 7.879% 4214.647%41.752
1979$ 0.22500 (4) 5.263% 7.947% 4214.888%42.257
1980$ 0.22500 (4)NO CHANGE 8.164% 4315.279%42.739
1981$ 0.23125 (4) 2.778% 8.314% 4315.617%43.263
1982$ 0.25000 (4) 8.108% 8.320% 4415.826%43.841
1983$ 0.25000 (4)NO CHANGE 8.567% 4416.278%44.380
1984$ 0.25625 (4) 2.500% 8.751% 4516.683%44.964
1985$ 0.27500 (4) 7.317% 8.795% 4616.967%45.610
1986$ 0.27500 (4)NO CHANGE 9.082% 4617.497%46.217
1987$ 0.27500 (4)NO CHANGE 9.388% 4718.062%46.848
1988$ 0.27500 (4)NO CHANGE 9.716% 4818.664%47.504
1989$ 0.27500 (4)NO CHANGE 10.067% 4819.307%48.188
1990$ 0.27500 (4)NO CHANGE 10.445% 4919.997%48.900
1991$ 0.08750 (4) -68.182% 15.654% 4723.263%46.702
1992$ 0.02500 (4) -71.429% 22.044% 4426.905%43.668
1993$ 0.05000 (4) 100.000% 19.657% 4223.981%41.963
1994$ 0.15625 (4) 212.500% 14.965% 1716.126%17.080
1995$ 0.25000 (4) 60.000% 13.324% 1514.218%14.734
1996$ 0.25000 (4)NO CHANGE 13.971% 1514.865%14.743
1997$ 0.26875 (4) 7.500% 14.288% 1515.215%15.000
1998$ 0.27500 (4) 2.326% 14.922% 1515.860%15.084
1999$ 0.28125 (4) 2.273% 15.629% 1516.575%15.142
2000$ 0.30000 (4) 6.667% 16.149% 1517.125%15.370
2001$ 0.30000 (4)NO CHANGE 17.176% 1518.133%15.228
2002$ 0.30000 (4)NO CHANGE 18.343% 1519.266%14.985
2003$ 0.30000 (4)NO CHANGE 19.679% 1520.550%14.598
2004$ 0.30000 (4)NO CHANGE 21.224% 1422.018%14.000
2005$ 0.30000 (4)NO CHANGE 23.033% 1323.712%13.074
2006$ 0.33000 (4) 10.000% 24.186% 1324.855%12.969
2007$ 0.43000 (4) 30.303% 23.644% 1324.359%13.437
2008$ 0.60000 (4) 39.535% 22.158% 1322.842%13.163
2009$ 0.70000 (4) 16.667% 22.784% 1423.528%13.704
2010$ 0.87500 (4) 25.000% 22.510% 1523.344%14.525
2011$ 1.32500 (4) 51.429% 18.857% 1119.332%10.600
2012$ 1.80000 (4) 35.849% 16.239% 916.579%8.833
2013$ 2.25000 (4) 25.000% 14.562% 914.895%8.753
2014$ 2.81000 (4) 24.889% 12.116% 812.396%8.034
2015$ 3.51000 (4) 24.911% 8.150% 48.224%4.057
2016$ 4.00000 (4) 13.960% 5.357% 05.357%0.107
2017$ 4.21000 (4) 5.250% 5.463% 05.463%0.000
2018$ 4.44000 (4) 5.463%

What price should you pay today if you wanted last year's dividends ($ 4.44000) to represent a yield of X%?

YieldPrice
0.5%$888.00
1.0%$444.00
1.5%$296.00
2.0%$222.00
2.5%$177.60
3.0%$148.00
3.5%$126.86
4.0%$111.00
4.5%$ 98.67
5.0%$ 88.80
5.5%$ 80.73
6.0%$ 74.00
6.5%$ 68.31
7.0%$ 63.43
7.5%$ 59.20
8.0%$ 55.50
8.5%$ 52.24
9.0%$ 49.33
9.5%$ 46.74
10.0%$ 44.40

Copyright @ 2019 by Robert Allan Schwartz. Reproduction prohibited. All rights reserved.

All data up to 12/31/2015 are from Bloomberg.
All date after 1/1/2016 are from The Wall Street Journal and http://www.dividendinvestor.com.

All information provided "as is" for informational purposes only, not intended for trading purposes or advice.
Neither Robert Allan Schwartz nor Tessellation.com is liable for any informational errors, or incompleteness, or for any actions taken in reliance on information contained herein. By accessing this site, you agree not to redistribute the information found therein.