The new dividend rate represents an annual distribution of $8.80 per share, yielding approximately 1.3% based on Monday’s closing price of $664.39. This latest adjustment elevates the payout from the previous $2.00 level, continuing a long-standing policy of incremental growth for investors. The company confirmed that the payment is scheduled for distribution on September 3.
Cummins Raises Quarterly Dividend to $2.20 per Share
Seventeen years of consecutive dividend hikes reached a new milestone Monday as Cummins announced a 10% increase to its quarterly payout. Shareholders of record by August 21 will receive $2.20 per share, marking a significant commitment to capital return for the global power technology firm.
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