Allison Transmission Holdings, Inc. (ALSN) to Issue Quarterly Dividend of $0.29 on March 20th

Allison Transmission Holdings, Inc. (NYSE:ALSN) announced a quarterly dividend on Wednesday, February 25th. Shareholders of record on Monday, March 9th will be paid a dividend of 0.29 per share by the auto parts company on Friday, March 20th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, March 9th. This is a 7.4% increase from Allison Transmission’s previous quarterly dividend of $0.27.

Allison Transmission has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Allison Transmission has a dividend payout ratio of 10.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Allison Transmission to earn $10.06 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 10.7%.

Allison Transmission Stock Performance

Shares of NYSE:ALSN traded down $0.31 during trading on Friday, reaching $124.50. The stock had a trading volume of 229,876 shares, compared to its average volume of 868,314. The company has a quick ratio of 3.06, a current ratio of 4.85 and a debt-to-equity ratio of 1.55. The stock has a fifty day simple moving average of $109.36 and a two-hundred day simple moving average of $94.63. The firm has a market capitalization of $10.31 billion, a price-to-earnings ratio of 17.00, a P/E/G ratio of 0.81 and a beta of 0.97. Allison Transmission has a 52 week low of $76.01 and a 52 week high of $125.66.

Allison Transmission Company Profile

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.