Cummins Inc. (NYSE:CMI) to pay cash dividend of $0.975 per share in March:
Cummins Inc. (NYSE:CMI) intends to reward its shareholders with a cash distribution in the form of dividends. The board of the company has already given the green light for the company to distribute quarterly cash dividend of $0.975 per share on March 1, 2016. However, to qualify for the dividend payout, you must be a shareholder in Cummins by Feb. 19, 2016.
Buybacks in addition to dividends
Cummins Inc. (NYSE:CMI) also returns value to shareholders through shares repurchases. In the current cash, the company announced accelerated shares repurchase (ASR) plan to the tune of $500 million. The shares to be repurchased under the ASR program will be from Goldman Sachs Group Inc (NYSE:GS). Initially, Goldman will give up 4 million shares to Cummins under the ARS arrangement.
What’s Wall Street saying?
A number of analysts have recently commented on Cummins. Deutsche Bank has a HOLD rating on the stock. William Blair also has a similar rating on Cummins.
Bemis Company, Inc. (NYSE:BMS) to distribute $0.2900 in cash dividend in March:
Bemis Company, Inc. (NYSE:BMS) will distribute to its shareholders a quarterly cash dividend of $0.2900 per share on March 1, 2016. The dividend will be paid out to shareholders of record as of Feb. 17, 2016. AtBemis’ recent stock price, the dividend represents a yield of 2.4406%.
What about earnings?
In its most recent earnings report, Bemis Company, Inc. (NYSE:BMS) posted revenue of $982.7 million and EPS of $0.60. Analysts were looking for EPS of $0.59 on revenue of $983.12 million, which means that Bemis beat on earnings but missed on revenue.
What’s Wall Street thinking about Bemis?
A number of analysts have recently commented on Bemis Company, Inc. (NYSE:BMS). Barclays raised its target price on the stock to $45 from $39 and reiterated Equal-Weight rating on it. Citigrouphas a BUY rating on Bemis and Macquarie initiated coverage of the stock with Neutral rating and price target of $45.