Dividend growth investors should pay attention to Cummins (CMI). A few compelling stats about the company's stock are below:
Are you interested in Cummins yet? This article takes a deeper look at Cummins' business, valuation, and dividend prospects.
Cummins is the world's largest manufacturer of diesel engines. The company was founded in 1919 and is headquartered in Columbus, Indiana. Cummins has grown to reach a market cap of $22.7 billion.
Segment Overview & Geographical Breakdown
Cummins operates in 4 segments. Each segment is shown below along with the percentage of total EBIT the segment generated in fiscal 2014 to show the relative size of each segment:
The engine segment manufactures and markets diesel and natural gas powered engines. The segment manufactures engines for the following vehicles: trucks, buses, motor homes, and recreational vehicles. In addition, the segment manufactures engines for the following industries: agriculture, rail, mining, and power generation.
The distribution segment consists of 34 company-owned and 8 joint-venture distributors. The segment controls 400 locations across the world. The distribution segment sells the full range of Cummins products and parts, and provides service to Cummins customers.
The components segment supplies products that compliment the engine segment. The segment manufactures and sells the following equipment for diesel engines: turbochargers, fuel systems, filtration systems, and after treatment systems. The segment has a joint-venture partnership with Scania.
The power generation segment designs and manufactures power generating equipment (as the name would suggest). The segment is a global provider of power generation systems, components, and services.
