The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.
Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .
Thu Nov 17, 2016
Cummins Inc. declared a quarterly dividend on Tuesday, Oct. 11. Investors of record on Monday, Nov. 21 will be given a dividend of 1.025 per share on Thursday, Dec. 1. This represents a $4.10 dividend on an annualized basis and a dividend yield of 2.98 percent. The ex-dividend date is Thursday, Nov. 17. This is a boost from Cummins’s previous quarterly dividend of $0.98.
Cummins opened at 137.78 on Wednesday. The company has a 50-day moving average of $127.07 and a 200-day moving average of $120.24. Cummins has a 12-month low of $79.88 and a 12-month high of $141.65. The stock has a market cap of $23.09 billion, a P/E ratio of 20.02 and a beta of 1.32.
Additionally, CAO Marya Rose sold 5,450 shares of Cummins stock in a transaction on Friday, Nov. 11. The stock was sold at an average price of $136.40, for a total transaction of $743,380. Following the transaction, the chief accounting officer now directly owns 20,193 shares in the company, valued at about $2.75 million. The transaction was disclosed in a legal filing with the Securities and Exchange Commission.