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Cummins Boosting Dividend 25%


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Transport Topics / July 10, 2013

Engine maker Cummins Inc. said it is boosting its quarterly dividend 25%, reflecting its “confidence in the long-term prospects for the company.”

The dividend will be raised to 62.5 cents per share, from 50 cents, on September 3 to shareholders of record on August 22.

Cummins has “raised its dividend by a total of 257% over the last four years, while continuing to invest in products and our global footprint that will drive future profitable growth,” Chairman and CEO Tom Linebarger said.

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