Cummins increases quarterly stock dividend

Cummins

COLUMBUS, Ind. (BUSINESS WIRE)–The Board of Directors of Cummins Inc. (NYSE: CMI), on Tuesday, approved an increase in the company’s quarterly cash dividend on common stock from 1.08 dollars per share, to 1.14 dollars per share, payable on September 4, 2018, to shareholders of record on August 22, 2018.

“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.”

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