Cummins (CMI) secures a $75 million grant to transform its Columbus Engine Plant into a facility for zero-emissions components and electric powertrain systems.
Cummins Inc. (CMI), The Kroger Co. (KR), Lindsay Corporation (LNN) and Matson, Inc. (MATX) recently hiked dividends.
Cummins (CMI) increases its quarterly dividend by 8.3% to $1.82 per share, marking the 15th consecutive year of payout hike.
We are expecting 8 dividend stocks to announce dividend increases in July 2024. 2 Dividend Kings and 1 Dividend Aristocrat are featured in this list. 1 dividend stock has a ~20% five-year average dividend growth rate!
Several auto stocks are starting to stand out as new additions to the Zacks Rank #1 (Strong Buy) list this week.
Cummins (CMI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Here is how Cummins (CMI) and Honda Motor (HMC) have performed compared to their sector so far this year.
Since I last covered Cummins with a hold rating in April, shares have dipped 12%. The company's net sales and adjusted diluted EPS fell modestly in Q1, but the fundamentals arguably remain intact. Cummins' already impressive financial health is improving.
SAN DIEGO, CA / ACCESSWIRE / June 11, 2024 / Johnson Fistel, LLP is investigating potential claims on behalf of Cummins Inc. (NYSE:CMI) against certain of its officers and directors to hold them responsible for damages they allegedly caused the company to suffer. If you have continuously owned Cummins Inc. (NYSE:CMI) shares, you have certain legal rights as a shareholder.
Cummins has consistently achieved double-digit annual returns and dividend growth in a cyclical industry. Since January 2004, CMI shares have returned 17.6% annually, outperforming the S&P 500. Despite a decline in manufacturing demand, Cummins' shares have risen 11% since February 8, showcasing its resilience.
Many investors closely monitor insider buys, as they can provide a high level of confidence and conviction.