Cummins Inc. Increases Quarterly Common Stock Dividend
July 11 2017 - 02:00PM
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 providing outstanding products and support for our
customers."
About Cummins
Cummins Inc., a global power leader, is a corporation of
complementary business segments that design, manufacture,
distribute and service diesel and natural gas engines and related
technologies, including fuel systems, controls, air handling,
filtration, emission solutions and electrical power generation
systems. Headquartered in Columbus, Indiana, (USA) Cummins
currently employs approximately 55,400 people worldwide and serves
customers in approximately 190 countries and territories through a
network of approximately 600 company-owned and independent
distributor locations and approximately 7,400 dealer locations.
Cummins earned $1.39 billion on sales of $17.5 billion in 2016.
Press releases can be found on the Web at www.cummins.com. Follow Cummins on Twitter at
www.twittter.com/cummins and on
YouTube at www.youtube.com/cumminsinc.
Forward-looking disclosure statement
Information provided in this release that is not purely
historical are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, including
statements regarding our forecasts, guidance, preliminary results,
expectations, hopes, beliefs and intentions on strategies regarding
the future. These forward looking statements include, without
limitation, statements relating to our plans and expectations for
our revenues for the full year of 2017. Our actual future results
could differ materially from those projected in such
forward-looking statements because of a number of factors,
including, but not limited to: the adoption and implementation of
global emission standards; the price and availability of energy;
the pace of infrastructure development; increasing global
competition among our customers; general economic, business and
financing conditions; governmental action; changes in our
customers’ business strategies; competitor pricing activity;
expense volatility; labor relations; and other risks detailed from
time to time in our Securities and Exchange Commission filings,
including particularly in the Risk Factors section of our 2016
Annual Report on Form 10-K. Shareholders, potential investors and
other readers are urged to consider these factors carefully in
evaluating the forward-looking statements and are cautioned not to
place undue reliance on such forward-looking statements. The
forward-looking statements made herein are made only as of the date
of this press release and we undertake no obligation to publicly
update any forward-looking statements, whether as a result of new
information, future events or otherwise. More detailed information
about factors that may affect our performance may be found in our
filings with the Securities and Exchange Commission, which are
available at http://www.sec.gov or at
http://www.cummins.com in the Investor
Relations section of our website.
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version on businesswire.com: http://www.businesswire.com/news/home/20170711006085/en/
Cummins Inc.Jon Mills, 317-658-4540Director, External
CommunicationsJon.mills@cummins.com
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