Cummins: Leading Power And Dividend Growth Generator
Cummins' (CMI) expertise in engine design dates back to its founding in 1919. With 100 years of experience and innovation i the filed it should come as no surprise that Cummins is a leading designer and manufacturer of heavy equipment and power generation. Cummins is going to be more sensitive to the direction of the economy when its customers might decrease or delay spending; however, at some point Cummins' leading power generation engines will be replaced as maintenance only buys time. The cyclical nature of the business provides opportunities for patient investors. Dividend History When I first started investing I didn't have much of a strategy. However, one quickly took hold: dividend growth investing. As a dividend growth investor I want the companies I own to send some of their profits back to me: the owner.