Cummins Inc. Declares Quarterly Common Stock Dividend
13 Février 2024 - 10:15PM
Business Wire
The Board of Directors of Cummins Inc. (NYSE: CMI) today
declared a quarterly common stock cash dividend of 1.68 dollars per
share, payable on March 7, 2024, to shareholders of record on
February 23, 2024.
About Cummins Inc.
Cummins Inc., a global power leader, is a corporation of
complementary business segments that design, manufacture,
distribute and service a broad portfolio of power solutions. The
company’s products range from diesel, natural gas, electric and
hybrid powertrains and powertrain-related components including
filtration, aftertreatment, turbochargers, fuel systems, valvetrain
technologies, controls systems, air handling systems, automated
transmissions, axles, drivelines, brakes, suspension systems,
electric power generation systems, batteries, electrified power
systems, hydrogen production technologies and fuel cell products.
Headquartered in Columbus, Indiana (U.S.), since its founding in
1919, Cummins employs approximately 75,500 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 $735 million on sales of $34.1
billion in 2023. See how Cummins is powering a world that's always
on by accessing news releases and more information at
https://www.cummins.com/always-on.
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, EBITDA and agreement in principle to settle
regulatory proceedings regarding our emissions certification and
compliance process for pick-up truck applications. 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 Agreement in Principle, 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; failure to
successfully integrate and / or failure to fully realize all of the
anticipated benefits of the acquisition of Meritor, Inc. (Meritor);
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; uncertainties and risks related to timing and potential
value to both Atmus Filtration Technologies Inc. (Atmus) and
Cummins of the planned separation of Atmus, including business,
industry and market risks, as well as the risks involving the
anticipated favorable tax treatment if there is a significant delay
in the completion of the envisioned separation; 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 and divestitures and related uncertainties of entering
such transactions; 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 environment and data
security; 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 environmental, social and governance (ESG) expectations or
standards, or achieve our ESG 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 2023 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 http://www.sec.gov or at
http://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/20240213167770/en/
Jon Mills Director, External Communications 317-658-4540
Jon.mills@cummins.com
Cummins (NYSE:CMI)
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