Cummins (CMI) Raises Quarterly Dividend 5.6% to $1.14; 3.3% Yield

Cummins (NYSE: CMI) declared a quarterly dividend of $1.14 per share, or $4.56 annualized. This is a 5.6% increase from the prior dividend of $1.08.

The dividend will be payable on September 4, 2018, to stockholders of record on August 22, 2018, with an ex-dividend date of August 21, 2018.

The annual yield on the dividend is 3.3 percent.

"The increase in our dividend reinforces our commitment to increasing returns to shareholders and reflects our confidence in our long term performance," said Tom Linebarger, Chairman and Chief Executive Officer. "We will continue to produce strong returns by providing outstanding products and support for our customers, investing in our future and executing our growth strategy."

For a dividend history and other dividend-related data on Cummins (CMI) click here.

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