COLUMBUS, Ind.–(Organization WIRE)–Oct 13, 2020–
The Board of Directors of Cummins Inc. (NYSE: CMI) nowadays authorised an improve in the firm’s quarterly dollars dividend on common inventory of 3 % to 1.35 dollars for every share from 1.311 pounds for each share. The dividend is payable on December 3, 2020, to shareholders of document on November 20, 2020.
Cummins Inc., a international electrical power chief, is a corporation of complementary small business segments that design and style, manufacture, distribute and services a broad portfolio of electric power options. The company’s goods variety from diesel, pure gasoline, electrical and hybrid powertrains and powertrain-connected factors such as filtration, aftertreatment, turbochargers, fuel units, controls systems, air dealing with techniques, automatic transmissions, electrical power era programs, batteries, electrified electric power programs, hydrogen generation and fuel mobile goods. Headquartered in Columbus, Indiana (U.S.), given that its founding in 1919, Cummins employs roughly 61,600 persons committed to powering a more prosperous earth as a result of three world company responsibility priorities significant to healthier communities: education and learning, ecosystem and equality of opportunity. Cummins serves its prospects on line, through a network of organization-owned and independent distributor spots, and as a result of thousands of vendor spots all over the world and earned about $2.3 billion on sales of $23.6 billion in 2019. See how Cummins is powering a planet that’s constantly on by accessing information releases and far more information and facts at https://www.cummins.com/normally-on.
Ahead-searching disclosure statement
Information and facts furnished in this release that is not purely historic are ahead-searching statements in the indicating of the Non-public Securities Litigation Reform Act of 1995, such as statements with regards to our forecasts, steering, preliminary final results, expectations, hopes, beliefs and intentions on strategies with regards to the future. These forward-looking statements incorporate, with no limitation, statements relating to our options and anticipations for our revenues and EBITDA. Our actual future outcomes could differ materially from all those projected in this kind of forward-on the lookout statements because of a variety of things, such as, but not minimal to: marketplace slowdown because of to the impacts from COVID-19 pandemic, other public health crises, epidemics or pandemics impacts to producing and offer chain capabilities from an prolonged shutdown or disruption of our functions owing to the COVID-19 pandemic provide shortages and supplier financial danger, specifically from any of our solitary-sourced suppliers, like suppliers that may possibly be impacted by the COVID-19 pandemic aligning our potential and manufacturing with our demand from customers, together with impacts of COVID-19 a big customer dealing with economic distress, specially connected to the COVID-19 pandemic any adverse outcomes of our internal critique into our emissions certification method and compliance with emission expectations greater scrutiny from regulatory agencies, as very well as unpredictability in the adoption, implementation and enforcement of emission requirements all-around the environment disruptions in international credit score and money marketplaces as the outcome of the COVID-19 pandemic adverse impacts from federal government steps to stabilize credit history markets and economic institutions and other industries solution recalls the growth of new technologies that minimize demand for our present-day merchandise and companies plan adjustments in international trade a slowdown in infrastructure progress and/or depressed commodity costs the U.K.’s final decision to finish its membership in the European Union (EU) labor relations or operate stoppages reliance on our government leadership workforce and other essential personnel reduce than anticipated acceptance of new or current solutions or solutions adjustments in the engine outsourcing practices of important clients our plan to reposition our portfolio of product choices via exploration of strategic acquisitions and divestitures and associated uncertainties of moving into this kind of transactions exposure to potential safety breaches or other disruptions to our data technological innovation methods and facts stability difficulties or sudden expenditures in completing charge reduction steps and restructuring initiatives failure to comprehend expected outcomes from our expenditure in Eaton Cummins Automated Transmission Systems joint undertaking political, economic and other pitfalls from operations in several international locations competitor exercise escalating competitors, like enhanced global competitors amid our customers in emerging marketplaces foreign currency trade price alterations variability in content and commodity charges the steps of, and revenue from, joint ventures and other investees that we do not immediately management modifications in taxation worldwide lawful and ethical compliance fees and dangers product liability promises increasingly stringent environmental legislation and regulations the functionality of our pension strategy property and volatility of lower price fees, particularly all those similar to the sustained slowdown of the world wide economy because of to the COVID-19 pandemic potential bans or constraints on the use of diesel-run products the rate and availability of electricity our gross sales blend of products and solutions defense and validity of our patent and other intellectual assets legal rights the end result of pending and long term litigation and governmental proceedings ongoing availability of funding, economic instruments and economical sources in the amounts, at the periods and on the conditions essential to aid our upcoming company and other pitfalls detailed from time to time in our SEC filings, together with significantly in the Possibility Elements section of our 2019 Yearly Report on Sort 10-K and Quarterly Reports on Kind 10-Q. Shareholders, possible investors and other visitors are urged to consider these factors carefully in assessing the forward-seeking statements and are cautioned not to spot undue reliance on this sort of forward-hunting statements. The ahead-wanting statements created herein are produced only as of the date of this press launch and we undertake no obligation to publicly update any ahead-looking statements, no matter whether as a final result of new info, long run functions or or else. A lot more in-depth data about things that may perhaps have an affect on our effectiveness may be identified in our filings with the SEC, which are obtainable at http://www.sec.gov or at http://www.cummins.com in the Trader Relations section of our web site.
Director, Exterior Communications
Key phrase: INDIANA UNITED STATES NORTH America
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PUB: 10/13/2020 05:00 PM/DISC: 10/13/2020 05:00 PM
Copyright Business Wire 2020.