2 Dividends to Keep, 1 to Leave Behind
Published Tue, 26 Jul 2011 on The Motley Fool

Dividend machineGlobal engine manufacturer Cummins (NYSE: CMI) raised its quarterly dividend 52% on the strength of a healthy balance sheet. The quarterly dividend increases from $0.26 to $0.40 a share, driving its dividend yield up from 1% to about 1.5%. It is still modest, but an improvement nevertheless. Victimized by the recession a few years ago but adapting to strict environmental standards, the company has really bounced back. Overseas sales in India and Brazil are booming, and demand for natural gas and hybrid engines has been picking up in developed economies.... Read more