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Cummins Board Declares Stock Dividend

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The Board of Directors of Cummins Inc. declared a quarterly common stock cash dividend of 78 cents per share, payable March 2 to shareholders of record on Feb. 18.

The news comes after the company’s report last week that revenue for the year spiked 11 percent, driven by record performance in the Components and Distribution businesses and higher earnings in the Engine business.

Components in the fourth quarter for the company saw a $1.3 billion (16 percent) spike over the same quarter the previous year.

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