Cummins Inc. Approves Dividend Payment

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COLUMBUS, Ind.--(BUSINESS WIRE)-- The Cummins Inc. (NYSE: CMI) Board of Directors on Oct. 16 approved payment of the quarterly cash dividend on the Company's outstanding common stock in the amount of 40 cents per share. The dividend would be payable on Dec. 1, 2011, to shareholders of record on Nov. 21, 2011.

The board earlier this year increased the Company’s quarterly cash dividend on common stock by 52 percent to 40 cents per share from 26.25 cents per share.

“Cummins is on track to have its most profitable year ever and we are rewarding our shareholders for their confidence in our performance,” said Cummins Chairman and Chief Executive Officer Tim Solso.

About Cummins

Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana, (USA) Cummins employs approximately 40,000 people worldwide and serves customers in approximately 190 countries and territories through a network of more than 600 company-owned and independent distributor locations and approximately 6,000 dealer locations. Cummins earned $1.0 billion on sales of $13.2 billion in 2010. Press releases can be found on the Web at www.cummins.com.

Forward-looking disclosure statement

Information provided in this release that is not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations, hopes, beliefs and intentions on strategies regarding the future. It is important to note that the company's actual future results could differ materially from those projected in such forward-looking statements because of a number of factors, including, but not limited to, general economic, business and financing conditions, labor relations, governmental action, competitor pricing activity, expense volatility and other risks detailed from time to time in Cummins Securities and Exchange Commission filings.

Cummins Inc.
Janet Williams, Director – Corporate Communications, 317-610-2488
janet.williams@cummins.com

Source: Cummins Inc.

Released October 17, 2011