Cummins Inc. Announces Dividend Increase

Cummins Inc. has announced a 10% increase in its quarterly dividend, effective immediately. This marks the 16th consecutive year of dividend growth for the company.

Dividend Details

• The annual dividend yield is now 2.3%
• The quarterly dividend increase is 10%

Investment Opportunities

Investors can use options to boost their income from the stock, with some strategies offering an additional 4.5% rate of return.

Market Outlook

The company’s stock price has been relatively stable, with some fluctuations in recent weeks. The overall market for fuel cell generators is expected to experience strong growth, which could potentially benefit Cummins as a leading manufacturer of diesel and natural gas engines.

Key Statistics

• Cummins Inc. is a leading manufacturer of diesel and natural gas engines
• The company has a history of 16 consecutive years of dividend growth