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Company Background

Cummins Inc (NYSE:CMI) was incorporated in 1919 and is engaged in manufacturing, distribution and servicing of diesel and natural gas engines, electric power generation systems and engine related products around the globe. Based in Columbus, Indiana, the company deals in four main business segments which are Engine, Power Generation, Components and Distribution. The company sells its products through several means which include original equipment manufacturers, distributors and other customers.

Industry Analysis

Cummins Inc (NYSE:CMI) is ranked 19^th among 342 diversified machinery companies by dividend yield. The company maintains the dividend yield of 1.90 percent as compared to highest dividend yield of 7.70 percent in its industry. The company maintains the return on equity of 33.10 percent which ranks it 20^th among its industry peers.

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