Cummins declares 10% dividend hike to $2.20 per share

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Summary · why it matters

Cummins announced a 10% increase in its quarterly common stock cash dividend, raising it from $2.00 to $2.20 per share. The board of directors approved the hike on July 12, with the dividend payable on September 3 to shareholders of record as of August 21. This marks the 17th consecutive year that Cummins has increased its quarterly common stock dividend.

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Cummins Inc
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Cummins announced a 10% dividend increase to $2.20 per share, marking the 17th consecutive year of dividend growth.