Here’s How You Can Earn $100 In Passive Income By Investing In Cummins Stock
May 29, 2025
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Cummins Inc. (NYSE:CMI) offers various power solutions worldwide, including advanced diesel, natural gas, electric and hybrid powertrains and powertrain-related components, electric power generation systems, electrified power systems with innovative components and subsystems, including battery, fuel cell and electric power technologies and hydrogen production technologies.
The 52-week range of Cummins stock price was $260.02 to $387.90.
Cummins’ dividend yield is 2.29%. It paid $7.28 per share in dividends during the last 12 months.
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On May 5, the company announced its Q1 2025 earnings, posting revenues of $8.17 billion, missing the consensus of $8.19 billion, as reported by Benzinga. EPS for the quarter stood at $5.96, above the consensus estimate of $4.85.
Given increasing economic uncertainty, the company planned to not provide revenue or profitability guidance for the rest of 2025.
“While the outlook for the remainder of the year remains unclear, we remain confident in our position and that our Destination Zero strategy is the right one,” said CEO Jennifer Rumsey. “Cummins is in a strong position to navigate through economic uncertainty, and we look forward to reinstating our forecast when conditions allow.”
Check out this article by Benzinga for 14 analysts’ insights on Cummins.
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If you want to make $100 per month — $1,200 annually — from Cummins dividends, your investment value needs to be approximately $52,402, which is around 162 shares at $323.18 each.
Understanding the dividend yield calculations: When making an estimate, you need two key variables — the desired annual income ($1,200) and the dividend yield (2.29% in this case). So, $1,200 / 0.0229 = $52,402 to generate an income of $100 per month.
You can calculate the dividend yield by dividing the annual dividend payments by the current price of the stock.
The dividend yield can change over time. This is the outcome of fluctuating stock prices and dividend payments on a rolling basis.
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For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).
In summary, income-focused investors may find Cummins stock an attractive option for making a steady income of $100 per month by owning 162 shares of stock. There may be more upside to come as investors benefit from the company’s consistent dividend hikes. Cummins has raised its dividend consecutively for the last 15 years.
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This article Here’s How You Can Earn $100 In Passive Income By Investing In Cummins Stock originally appeared on Benzinga.com
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