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Cummins Declares Quarterly Common Stock Dividend

9 February 2000

Cummins Declares Quarterly Common Stock Dividend

    COLUMBUS, Ind.--Feb. 8, 2000--The Board of Directors of Cummins Engine Co. Inc. today declared a quarterly common stock cash dividend of 30 cents per share, payable on March 15, 2000, to shareholders of record on March 1. The Board also authorized the repurchase of 2.5 million shares in the open market. The company's primary use of this authorization will be to purchase shares over time to offset shares issued to employees under the company's benefits plans.
    Cummins, headquartered in Columbus, Ind., is the world's largest producer of diesel engines above 200 horsepower. The company provides products for customers in its key markets: engines, including automotive and industrial, power generation, and filtration. Cummins reported sales of $6.6 billion in 1999. Press releases by fax may be requested by calling News on Demand (toll free) at 888-329-2305. Cummins' home page on the Internet can be found at http://www.cummins.com.