Cummins Inc. Declares Quarterly Common Stock Dividend
February 09 2021 - 3:50PM
Business Wire
The Board of Directors of Cummins Inc. (NYSE: CMI) today
declared a quarterly common stock cash dividend of 1.35 dollars per
share, payable on March 4, 2021, to shareholders of record on
February 19, 2021.
About Cummins Inc.
Cummins Inc., a global power leader, is a corporation of
complementary business segments that design, manufacture,
distribute and service a broad portfolio of power solutions. The
company’s products range from diesel, natural gas, electric and
hybrid powertrains and powertrain-related components including
filtration, aftertreatment, turbochargers, fuel systems, controls
systems, air handling systems, automated transmissions, electric
power generation systems, batteries, electrified power systems,
hydrogen generation and fuel cell products. Headquartered in
Columbus, Indiana (U.S.), since its founding in 1919, Cummins
employs approximately 57,825 people committed to powering a more
prosperous world through three global corporate responsibility
priorities critical to healthy communities: education, environment
and equality of opportunity. Cummins serves its customers online,
through a network of company-owned and independent distributor
locations, and through thousands of dealer locations worldwide and
earned about $1.8 billion on sales of $19.8 billion in 2020. See
how Cummins is powering a world that’s always on by accessing news
releases and more information at
https://www.cummins.com/always-on.
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 and EBITDA. 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:
market slowdown due to the impacts from COVID-19 pandemic, other
public health crises, epidemics or pandemics; impacts to
manufacturing and supply chain abilities from an extended shutdown
or disruption of our operations due to the COVID-19 pandemic;
supply shortages and supplier financial risk, particularly from any
of our single-sourced suppliers, including suppliers that may be
impacted by the COVID-19 pandemic; aligning our capacity and
production with our demand, including impacts of COVID-19; a major
customer experiencing financial distress, particularly related to
the COVID-19 pandemic; any adverse results of our internal review
into our emissions certification process and compliance with
emission standards; increased scrutiny from regulatory agencies, as
well as unpredictability in the adoption, implementation and
enforcement of emission standards around the world; disruptions in
global credit and financial markets as the result of the COVID-19
pandemic; adverse impacts from government actions to stabilize
credit markets and financial institutions and other industries;
product recalls; the development of new technologies that reduce
demand for our current products and services; policy changes in
international trade; a slowdown in infrastructure development
and/or depressed commodity prices; the U.K.'s exit from the
European Union; labor relations or work stoppages; reliance on our
executive leadership team and other key personnel; lower than
expected acceptance of new or existing products or services;
changes in the engine outsourcing practices of significant
customers; our plan to reposition our portfolio of product
offerings through exploration of strategic acquisitions and
divestitures and related uncertainties of entering such
transactions; exposure to potential security breaches or other
disruptions to our information technology systems and data
security; challenges or unexpected costs in completing cost
reduction actions and restructuring initiatives; failure to realize
expected results from our investment in Eaton Cummins Automated
Transmission Technologies joint venture; political, economic and
other risks from operations in numerous countries; competitor
activity; increasing competition, including increased global
competition among our customers in emerging markets; foreign
currency exchange rate changes; variability in material and
commodity costs; the actions of, and income from, joint ventures
and other investees that we do not directly control; changes in
taxation; global legal and ethical compliance costs and risks;
product liability claims; increasingly stringent environmental laws
and regulations; the performance of our pension plan assets and
volatility of discount rates, particularly those related to the
sustained slowdown of the global economy due to the COVID-19
pandemic; future bans or limitations on the use of diesel-powered
products; the price and availability of energy; our sales mix of
products; protection and validity of our patent and other
intellectual property rights; the outcome of pending and future
litigation and governmental proceedings; continued availability of
financing, financial instruments and financial resources in the
amounts, at the times and on the terms required to support our
future business; and other risks detailed from time to time in our
SEC filings, including particularly in the Risk Factors section of
our 2019 Annual Report on Form 10-K and Quarterly Reports on Form
10-Q. 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 SEC, 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: https://www.businesswire.com/news/home/20210209006160/en/
Jon Mills Director, External Communications 317-658-4540
Jon.mills@cummins.com
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