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.