I had never heard of the name of this company before today, but looks like it is a bargain to invest into Cummins(CMI) now after reading the following two articles about CMI.
At the time of writing, its dividend yield is 4.37%, 5 year average dividend growth rate is 32%, EPS Payout ratio and FCF payout ratio are 29% and 34% respectively. In addition forward PE is 9.64 and long-term debt to capital ratio is 0.16. I see nothing risky except for cyclical nature of its business.
How do you think about CMI?
Retire Before Dad recently sold all of his CMI shares at loss. This is a good lesson learnt.
Disclosure: No position in CMI