This morning, Cummins (CMI) declared its quarterly dividend of 40 cents per share, an increase of about 52% over its prior dividend. Based on the current stock price, investors can expect a yield of about 1.5% going forward.
Shares of Cummins were higher on Tuesday, picking up 0.9% so far.
In other dividend news, Conagra Foods (CAG) maintained its quarterly dividend of 23 cents per share. And Ameron International (AMN) maintained its quarterly dividend of 30 cents per share.
Among dividend increases, Paccar (PCAR) announced its quarterly dividend of 18 cents per share, an increase of 50% over its prior dividend. And Cliffs Natural Resources (CLF) announced its quarterly dividend of 28 cents per share, doubling the amount paid to shareholders last quarter.
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