Cummins Inc. Declares Quarterly Common Stock Dividend
12 February 2025 - 8:15AM
Business Wire
The Board of Directors of Cummins Inc. (NYSE: CMI) today
declared a quarterly common stock cash dividend of one dollar and
eighty-two cents ($1.82) per share. The dividend is payable on
March 6, 2025, to shareholders of record on February 21, 2025.
About Cummins Inc.
Cummins Inc., a global power solutions leader, is comprised of
five business segments – Engine, Components, Distribution, Power
Systems and Accelera by Cummins – supported by our global
manufacturing and extensive service and support network, skilled
workforce and vast technological expertise. Cummins is committed to
its Destination Zero strategy, which is grounded in the company’s
commitment to sustainability and helping its customers successfully
navigate the energy transition with its broad portfolio of
products. The products range from advanced diesel, natural gas,
electric and hybrid powertrains and powertrain-related components
including, aftertreatment, turbochargers, fuel systems, valvetrain
technologies, controls systems, air handling systems, automated
transmissions, axles, drivelines, brakes, suspension systems,
electric power generation systems, electrified power systems with
innovative components and subsystems, including battery, fuel cell
and electric power technologies and hydrogen production
technologies. Headquartered in Columbus, Indiana (U.S.), since its
founding in 1919, Cummins employs approximately 69,600 people
committed to powering a more prosperous world through three global
corporate responsibility priorities critical to healthy
communities: education, environment, and equality of opportunity.
Cummins serves its customers online, through a network of
company-owned and independent distributor locations, and through
thousands of dealer locations worldwide and earned about $3.9
billion on sales of $34.1 billion in 2024. See how Cummins is
powering a world that's always on by accessing news releases and
more information at https://www.cummins.com/.
Forward-looking disclosure statement
Information provided in this release that is not purely
historical are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, including
statements regarding our forecasts, guidance, preliminary results,
expectations, hopes, beliefs and intentions on strategies regarding
the future. These forward-looking statements include, without
limitation, statements relating to our plans and expectations for
our revenues and EBITDA. Our actual future results could differ
materially from those projected in such forward-looking statements
because of a number of factors, including, but not limited to: any
adverse consequences resulting from entering into the Settlement
Agreements, including required additional mitigation projects,
adverse reputational impacts and potential resulting legal actions;
increased scrutiny from regulatory agencies, as well as
unpredictability in the adoption, implementation and enforcement of
emission standards around the world; evolving environmental and
climate change legislation and regulatory initiatives; changes in
international, national and regional trade laws, regulations and
policies; changes in taxation; global legal and ethical compliance
costs and risks; future bans or limitations on the use of
diesel-powered products; raw material, transportation and labor
price fluctuations and supply shortages; aligning our capacity and
production with our demand; the actions of, and income from, joint
ventures and other investees that we do not directly control; large
truck manufacturers' and original equipment manufacturers'
customers discontinuing outsourcing their engine supply needs or
experiencing financial distress, or change in control; product
recalls; variability in material and commodity costs; the
development of new technologies that reduce demand for our current
products and services; lower than expected acceptance of new or
existing products or services; product liability claims; our sales
mix of products; climate change, global warming, more stringent
climate change regulations, accords, mitigation efforts, greenhouse
gas regulations or other legislation designed to address climate
change; our plan to reposition our portfolio of product offerings
through exploration of strategic acquisitions, divestitures or
exiting the production of certain product lines or product
categories and related uncertainties of such decisions; increasing
interest rates; challenging markets for talent and ability to
attract, develop and retain key personnel; exposure to potential
security breaches or other disruptions to our information
technology (IT) environment and data security; the use of
artificial intelligence in our business and in our products and
challenges with properly managing its use; political, economic and
other risks from operations in numerous countries including
political, economic and social uncertainty and the evolving
globalization of our business; competitor activity; increasing
competition, including increased global competition among our
customers in emerging markets; failure to meet sustainability
expectations or standards, or achieve our sustainability goals;
labor relations or work stoppages; foreign currency exchange rate
changes; the performance of our pension plan assets and volatility
of discount rates; the price and availability of energy; continued
availability of financing, financial instruments and financial
resources in the amounts, at the times and on the terms required to
support our future business; and other risks detailed from time to
time in our SEC filings, including particularly in the Risk Factors
section of our 2024 Annual Report on Form 10-K and Quarterly
Reports on Form 10-Q. Shareholders, potential investors and other
readers are urged to consider these factors carefully in evaluating
the forward-looking statements and are cautioned not to place undue
reliance on such forward-looking statements. The forward-looking
statements made herein are made only as of the date of this release
and we undertake no obligation to publicly update any
forward-looking statements, whether as a result of new information,
future events or otherwise. More detailed information about factors
that may affect our performance may be found in our filings with
the SEC, which are available at https://www.sec.gov or at
https://www.cummins.com in the Investor Relations section of our
website.
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version on businesswire.com: https://www.businesswire.com/news/home/20250211025759/en/
Melinda Koski External Communications 812-377-0500
melinda.koski@cummins.com
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