Company: Cummins Inc. (CMI)
*DRIP Club Members are able to acquire or list a share of a company on the DRIP Exchange Page.
Company Profile: Cummins is the top manufacturer of diesel engines used in commercial trucks, off-highway machinery, and railroad locomotives, in addition to standby and prime power generators. The company also sells powertrain components, which include transmissions, turbochargers, aftertreatment systems, and fuel systems. Cummins is in the unique position of competing with its primary customers, heavy-duty truck manufacturers, who make and aggressively market their own engines. Despite robust competition across all its segments and increasing government regulation of carbon emissions, Cummins has maintained its leadership position in the industry. -Morningstar.com-
Symbol: CMI
Recent Price: $292.20
Dividends: $6.72
Yield: 2.30%
Sector: Industrials
Industry: Specialty Industrial Machinery
Address & Company Phone #: 500 Jackson Street Columbus IN 47202-3005, 812-377-5000
Transfer Agent: Broadridge Corporate Issuer 844-973-0592
Moody’s Rating: A2
Minimum & Maximum Investment: $10 – $24,000/year
Investment Dates: Every 30 days beginning 1/15
Shares to Qualify: 1 Share
Fees: Div.: $0 Cash: $0 Cert: $0 Sells: by Mail or Fax for $15+12¢/sh.
52 Week High & Low: $304.25, $212.80