Published July 12, 2016 3:35pm EDT | Updated July 12, 2016 4:04pm EDT

Engine Maker Cummins Raises Quarterly Dividend To $1.025 Vs. 97.50 Cents

Engine maker Cummins Inc. said Tuesday it is raising its quarterly dividend to $1.025 from $97.50 cents. The new payment will be made Sept. 1 to shareholders of record as of Aug. 22. Shares were up 2.7% in late trade.