CMI vs RTX: Which Is the Better Dividend Stock?
As of September 2026, CMI (Cummins Inc.) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. CMI offers the higher yield at 1.57%, RTX has the higher dividend-safety score, and CMI trades at the larger discount to fair value (-20%).
| Metric | CMI | RTX |
|---|---|---|
| Forward yield | 1.57% | 1.45% |
| Annual dividend | $8.80 | $2.92 |
| Payout ratio | 41% | 49% |
| Years of growth | 20 yr | 33 yr |
| 5-yr dividend growth | 7.7% | 7.2% |
| 5-yr total return | 150% | 134% |
| Dividend safety score | 92 (A) | 97 (A) |
| Fair value estimate | $445.95 | $120.74 |
| Upside to fair value | -20% | -40% |
| Frequency | quarterly | quarterly |
| Market cap | $77.2B | $270.6B |
| P/E ratio | 28.7 | 35.4 |
Higher yield
CMI
1.57%
Safer dividend
RTX
Grade A
Faster growth
CMI
7.7%
Better value
CMI
-20% upside
CMI vs RTX — FAQ
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