Good news came recently from the Cummins Board of Directors during their quarterly meeting in Indianapolis, IN. The Company has increased the quarterly cash dividend on common stock of 25 percent to 62.50 cents per share from 50 cents per share.
The dividend is payable on Sept. 3, 2013 to shareholders of record on August 22, 2013.
Read the original press release.
Dividends, those cash distributions that many companies pay out regularly to shareholders from earnings, send a clear, powerful message about future prospects and performance. A company’s willingness and ability to pay steady dividends over time – and its power to increase them – provide good clues about its fundamentals.
“The increase in our dividend, combined with our current share repurchase program, reflects our confidence in the long-term prospects for the Company and demonstrates our commitment to increasing returns to shareholders,” said Tom Linebarger, Chairman and Chief Executive Officer. “With today’s announcement we have increased the 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.”
This announcement is great news for Cummins and our shareholders moving forward. It is a credit to all of the great Cummins employees who work so hard every day. Keep it up!
I am delighted to read about the recent success at Cummins. As a retired former Employee it is wonderfully satisfying to know that the Company is in such ‘Good Hands’, and so well run. Employees respond to such excellent Management, it has long been that way and I am certain it will continue. Well done to all at Cummins
Sometimes make you feel like being at wall-street. Always checking to see if your money is growing. When I saw how much my stock in cummins has grown, I was like “wow” in such a quick turn-around. I can say, I’m proud to work at cummins. Let’s keep on growing………
Simply wowwwwwww 🙂
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