Cummins (CMI) Raises Quarterly Dividend 5.4% to $1.08; 2.6% Yield
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Cummins Inc. Increases Quarterly Common Stock Dividend
July 11, 2017 2:00 PM EDTCOLUMBUS, Ind.--(BUSINESS WIRE)-- The Board of Directors of Cummins Inc. (NYSE: CMI) today approved an increase in the company's quarterly cash dividend on common stock from 1.025 dollars per share, to 1.08 dollars per share, payable on September 1, 2017, to shareholders of record on August 18, 2017.
"The increase in our dividend reinforces our commitment to increasing returns to shareholders and reflects our confidence in our performance over the long term," said Tom Linebarger, Chairman and Chief Executive Officer. "We will continue to produce strong returns by executing our growth strategy, investing in the future and... More
