Cummins Declares Quarterly Common Stock Dividend.Business Editors COLUMBUS, Ind.--(BUSINESS WIRE)--July 10, 2001 The Board of Directors of Cummins Inc. (NYSE NYSE See: New York Stock Exchange :CUM) today declared a quarterly common stock cash dividend of 30 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , payable on September 14, 2001, to shareholders of record on August 31, 2001. Cummins, headquartered in Columbus, Ind., is the world's largest producer of commercial diesel engines above 50 horsepower horsepower, unit of power in the English system of units. It is equal to 33,000 foot-pounds per minute or 550 foot-pounds per second or approximately 746 watts. . The company provides products for customers in its key markets: engines, including automotive and industrial, power generation, and filtration filtration: see sewerage; water supply. Filtration The separation of solid particles from a fluidsolids suspension of which they are a part by passage of most of the fluid through a septum or membrane that retains most of the solids . Cummins reported sales of $6.6 billion in 1999. Press releases by fax may be requested by calling News on Demand (toll free) at 888-329-2305. Cummins' home page on the Internet can be found at http://www.cummins.com. |
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