Cummins Increases Common Stock Dividend 2.5 Cents to 30 Cents Per Quarter.COLUMBUS, Ind.--(BUSINESS WIRE)--Oct. 11, 1999-- The Board of Directors of Cummins Engine Co. Inc. (NYSE NYSE See: New York Stock Exchange :CUM) today increased its quarterly common stock cash dividend 2.5 cents to 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 Dec. 15, 1999, to shareholders of record on Dec. 1. Cummins, headquartered in Columbus, Ind., is the world's largest producer of diesel engines above 200 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 record sales of $6.3 billion in 1998. The company's 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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