Cummins increases common stock dividend 2.5 cents to 27.5 cents per quarter.COLUMBUS, Ind IND Investigational new drug Therapeutics A status assigned by the FDA to a drug before allowing its use in humans, exempting it from premarketing approval requirements so that experimental clinical trials may be conducted. See Phase 1.2, 3 studies, Sponsorship. .--(BUSINESS WIRE)--April 1, 1997--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 27.5 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 June 16, 1997, to shareholders of record on June 2. Cummins, headquartered in Columbus, Ind., is a leading worldwide designer and manufacturer of diesel engines and related products. These engines provide power for customers in its key markets: automotive, power generation, industrial 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 $5.3 billion in 1996. Cummins' home page on the Internet can be found at http://www.cummins.com . CONTACT: Cummins Engine Co. Inc. Ann C. Smith, 812/377-3524 |
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