CUMMINS INDIA LTD Dividend 2024 Record Date, Share Price, History

News: Cummins India Ltd., a prominent player in the engines sector, has recently announced its dividend for the year 2024. In this article, we’ll delve into the details of the dividend, including the record date, share price impact, and a brief historical overview.

Dividend Announcement

On February 7, 2024, Cummins India declared a dividend of Rs. 18.0 per share. This announcement is significant for investors and shareholders, as it reflects the company’s commitment to distributing profits to its stakeholders.

Record Date

The record date for this dividend is February 21, 2024. If you own Cummins India shares on or before this date, you’ll be eligible to receive the dividend. It’s essential to mark this date in your calendar if you’re a shareholder.

Share Price Impact

Dividends often influence a company’s share price. When a company announces a dividend, it can attract more investors and positively impact the stock value. Cummins India shareholders can expect some market movement around the record date.

Historical Context

Let’s take a quick look at Cummins India’s dividend history:

• 2023: An interim dividend of Rs. 13.00 per share was declared on July 26, 2023.
• 2022: The company announced a final dividend of Rs. 10.50 per share on August 2, 2022.
• 2021: An interim dividend of Rs. 8.00 per share was declared on May 26, 2021.

Cummins India has consistently rewarded its shareholders through dividends, reflecting its financial stability and commitment to long-term growth.

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About CUMMINS INDIA LTD :

Cummins India Limited, formed in 1962, is the largest entity of Cummins in India. As the country’s leading manufacturer of diesel and natural gas engines, Cummins India plays a crucial role in various industries and applications. Let’s explore more about this significant company:

Business Units

Cummins India Limited comprises three business units:

1. Engine Business: This unit manufactures engines with horsepower ranging from 125 to 400 HP. These engines cater to both on-highway commercial vehicle markets and the off-highway commercial equipment industry, including construction and compressors (ranging from 49 HP to 430 HP).

2. Power Systems Business: Focusing on robust engines, this unit designs and manufactures engines with a horsepower spectrum spanning from 700 HP to 4500 HP. These engines find applications in sectors such as marine, railways, defense, and mining. Additionally, Cummins Power Generation Systems develops integrated generator sets, offering a range from 7.5 kVA to 3750 kVA. These generators provide reliable and uninterrupted power for diverse applications, including residential, commercial, and critical needs like healthcare and data centers.

3. Distribution Business: Cummins India ensures extensive PAN India coverage through dedicated channel partners, making sure that wherever you think of power, you think of Cummins.

Plants Across India

Cummins India operates several plants across the country:

1. Kothrud Engine Plant (KEP): Located in Pune, Maharashtra, this plant manufactures high-horsepower engines and heavy-duty engines for off-highway applications.

2. Export Genset Manufacturing Plant: Situated in Nandal, Taluka-Phaltan, Satara, Maharashtra, this plant produces gensets for exports.

3. Domestic Genset Manufacturing Plant: Located in Amboli, Taluka Mulshi Pirangut, District Pune, Maharashtra, this plant manufactures gensets for the domestic market.

4. Chennai Plant: This plant, situated in Thiruvallur District, Chennai, Tamil Nadu, focuses on Cummins India’s operations.

Investors should keep an eye on Cummins India’s stock performance around the record date. Whether you’re a seasoned investor or a newcomer, understanding dividend announcements can help you make informed decisions.

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