July 12, 2017 4:45 PM, EDT
Cummins Increases Quarterly Dividend
truck stock TT File Photo

Engine maker Cummins Inc. increased its quarterly cash dividend on common stock to $1.08 per share from $1.025 per share, payable Sept. 1 to shareholders of record on Aug. 18.

“The increase in our dividend reinforces our commitment to increasing returns to shareholders and reflects our confidence in our performance over the long term,” Chairman and CEO Tom Linebarger said in a statement. “We will continue to produce strong returns by executing our growth strategy, investing in the future and providing outstanding products and support for our customers.”

Cummins is based in Columbus, Ind.