Cummins Inc.'s board of directors announced recently that it will increase the company's quarterly dividends and cut its full-year operating income expectations.

The Board of Directors decided to increase the quarterly dividend by 25% per share from 40 cents to 50 cents per share. Shareholders will receive a dividend on September 1 this year.

In addition, Cummins downgraded its full-year revenue forecast for 2012, after which it expected its 2012 operating income to increase by 10% from 2011. However, due to the current decline in market demand and the global economic slowdown, it is expected that its operating income will be basically the same as last year. Flat.

For the full year of 2011, Cummins's sales were US$18 billion, a year-on-year increase of 36%; net profits were US$1.85 billion, and diluted earnings per share were US$9.55.

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