US diesel engine manufacturer Cummins (Cummins Inc.) No. July 15 announced that in view of the remarkable achievements in the past few quarters, the company's quarterly cash dividend has increased by 50%, dividend per share increased to 26.25 cents.

The bonus distribution period is September 1, 2010 and the shareholder registration period starts on August 23, 2010.

It is reported that Cummins increased its dividend by 40% in July 2008 and its dividend per share increased to 17.5 cents. However, due to the economic crisis, the company had shelved the dividend cash in 2009. In the first quarter of this year, Cummins’s shipments of cards, passenger cars and heavy truck engines dropped by 80% in the North American market. However, due to continued growth in market demand in China, India, and Brazil, the company still achieved impressive results.

Currently, Cummins has raised its 2010 sales forecast from US$11 billion to US$12 billion and raised its expected EBIT margin from 7% to 10% this year.