Cummins increases dividend by 25%
July 11, 2013 By Rock to Road
July 11, 2013, Columbus,
Ind. – The Board of Directors of Cummins Inc. approved an increase in the company's
quarterly cash dividend on common stock of 25 per cent to 62.50 cents per share
from 50 cents per share.
The dividend is payable on
Sept. 3, 2013 to shareholders of record on August 22, 2013.
"We have increased the
dividend by a total of 257 per cent over the last four years while continuing
to invest in products and our global footprint that will drive future
profitable growth," said Tom Linebarger, chairman and CEO.
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