Cummins Inc. Declares Quarterly Common Stock Dividend
October 12 2021 - 4:00PM
Business Wire
The Board of Directors of Cummins Inc. (NYSE: CMI) today
declared a quarterly common stock cash dividend of 1.45 dollars per
share, payable on December 2, 2021, to shareholders of record on
November 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. To
learn more about Cummins visit cummins.com.
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: 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; policy changes in
international trade; the U.K.'s exit from the European Union;
changes in taxation; global legal and ethical compliance costs and
risks; increasingly stringent environmental laws and regulations;
future bans or limitations on the use of diesel-powered products;
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; market slowdown due to the
impacts from the 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; aligning our capacity and production
with our demand, including impacts of COVID-19; large truck
manufacturers and original equipment manufacturers customers
discontinuing outsourcing their engine supply needs or experiencing
financial distress, particularly related to the COVID-19 pandemic,
bankruptcy or change in control; a slowdown in infrastructure
development and/or depressed commodity prices; failure to realize
expected results from our investment in Eaton Cummins Automated
Transmission Technologies joint venture; the actions of, and income
from, joint ventures and other investees that we do not directly
control; product recalls; the development of new technologies that
reduce demand for our current products and services; lower than
expected acceptance of new or existing products or services;
variability in material and commodity costs; product liability
claims; our sales mix of products; protection and validity of our
patent and other intellectual property rights; disruptions in
global credit and financial markets as the result of the COVID-19
pandemic; labor relations or work stoppages; reliance on our
executive leadership team and other key personnel; climate change
and global warming; 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; 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; 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; the price and
availability of energy; 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 2020 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/20211012006126/en/
Jon Mills Director, External Communications 317-658-4540
Jon.mills@cummins.com
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