5.09%QQQQ 34.86 3.65%XLF 17.80 5.22%
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COLUMBUS, Ind. - Diesel engine maker Cummins Inc. on Tuesday said its board increased its quarterly common stock cash dividend to 17.5 cents.
| CMI | 36.08 |  -1.01 |
The new dividend represents a 40 percent increase. It was previously 12.5 cents. The dividend will be paid on Sept. 2 to shareholders of record as of Aug. 22.
The dividend increase is Cummins' third since July 2006.
Cummins shares rose 33 cents to $64.39 in afternoon trading.
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