2024-06-09 23:23:52 ET
Summary
- Cummins has consistently achieved double-digit annual returns and dividend growth in a cyclical industry.
- Since January 2004, CMI shares have returned 17.6% annually, outperforming the S&P 500.
- Despite a decline in manufacturing demand, Cummins' shares have risen 11% since February 8, showcasing its resilience.
Introduction
Building a business is tough. Building a stock-listed company with consistent dividend growth and double-digit annual returns is even harder. Doing this in a cyclical industry takes things to a whole new level.
Essentially, there are three major machinery companies on my radar that have done this:
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For further details see:
10-12% Annual Returns? Why Cummins Could Be Your Next Dividend Champion