Cummins announced that its board of directors approved an increase in the company’s quarterly common stock cash dividend of approximately 10% from 1.82 dollars per share to 2.00 dollars per share. The dividend is payable on Sept. 4 to shareholders of record on Aug. 22. Cummins has increased the quarterly common stock dividend to shareholders for 16 consecutive years.
Cummins also recently added Matthew Tsien, formerly of General Motors, to its board of directors.
