Cummins Incorporated (NYSE:CMI) announced its quarterly dividend of 50 cents per share, an increase of about 25% over its prior dividend in May of 40 cents. The dividend is payable on Sept. 1, 2012 to shareholders of record on August 22, 2012.
Shares are lower by about 10.5 percent.
In other dividend news, Spectra Energy Corporation (NYSE:SE) maintained its quarterly dividend of 28 cents per share. International Paper Company (NYSE:IP) maintained its quarterly dividend of 26.25 cents per share. Pembina Pipeline Corporation (NYSE:PBA) maintained its monthly dividend of 13.5 cents per share.
Among dividend increases, A O Smith Corporation (NYSE:AOS) announced its quarterly dividend of 20 cents per share, an increase of about 25% over its prior dividend in April of 16 cents.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.