Cummins Inc. board issues stock dividend

Cummins Inc.’s board of directors declared Tuesday a quarterly common stock cash dividend of $1.025 per share, payable March 6 to shareholders of record Feb. 24.

The Cummins dividend increased from 97.5 cents per share to $1.025 per share, payable Sept. 1 to shareholders of record Aug. 22.

It stayed at $1.025 per share payable Dec. 1.