Cummins Inc. increased its quarterly cash dividend by 10% to $2.20 per share, marking its 17th consecutive year of dividend growth. The company reported strong financial results with $6.15 EPS and $8.40 billion in revenue. During this period, institutional investor activity was mixed; Morgan Dempsey Capital Management reduced its stake by 12%, while KBC Group increased its holdings in Cummins by 8.5% to $47.4 million amid broader portfolio adjustments.
The Belgian group boosted its EOG Resources stake by 40% while offloading over 1 million Johnson & Johnson shares in a quarterly rebalance.
Read the full storyMorgan Dempsey Capital Management reduced its CMI stake by 12% in Q1, even as the company delivered a significant earnings beat and raised dividends.
Cummins Board approves a quarterly dividend increase to $2.20 per share, marking 17 consecutive years of payout growth.