Cummins (CMI) Authorizes $1 Billion Stock Repurchase Program

The Cummins Inc. (CMI) Board of Directors today authorized the company to repurchase up to $1 billion in shares of common stock in a move to provide increased shareholder value. The Board also approved a quarterly common stock cash dividend of 26.25 cents per share. The dividend is payable on March 1, 2011 to shareholders [...]