Hello readers, it is Wednesday morning in Japan and another extremely hot day.
Believe me that now summer in Japan is as hot as Indonesia. No exaggeration.
Anyway, Cummins (CMI) announced to raise its quarterly dividend per share from $1.025 to $1.08 by 5.4%. As a result,
- YOC 4.7% – > 5.0%
- Annual gross dividends $164 -> $172.8
I am a very happy stockholder of CMI’s. For one thing now my YOC is 5.0% and the value of my position in CMI has appreciated by 90% since my investment in January 2016.
Disclosure: Long CMI