Cummins (CMI) Approves $2B Buyback

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Go back to Cummins (CMI) Approves $2B Buyback

Cummins Inc. Approves Share Repurchase Program; Declares Quarterly Common Stock Dividend

October 9, 2018 3:00 PM EDT

COLUMBUS, Ind.--(BUSINESS WIRE)-- On October 9, The Board of Directors of Cummins Inc. (NYSE: CMI) authorized the Company to repurchase up to $2 billion in shares of common stock upon completion of its 2016 $1 billion share repurchase program.

The Board of Directors also declared a quarterly cash dividend on common stock at 1.14 dollars per share, payable on December 3, 2018 to shareholders of record on November 15, 2018.

"The latest share repurchase program and dividend reinforces our commitment to delivering strong returns to shareholders and reflects our confidence in our long-term performance," said Tom Linebarger, Cummins Chairman... More