Cummins Inc.’s board of directors this week approved payment of the quarterly cash dividend on the company's outstanding common stock in the amount of 40 cents per share. The dividend is payable on Dec. 1, to shareholders of record on Nov. 21.
The board earlier this year increased the company’s quarterly cash dividend on common stock by 52 percent to 40 cents per share from 26.25 cents per share.
“Cummins is on track to have its most profitable year ever and we are rewarding our shareholders for their confidence in our performance,” said Tim Solso, chairman and CEO.
Headquartered in Columbus, Ind., Cummins Inc. designs, manufactures, distributes and services engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems.
