PHINIA Inc. (NYSE:PHIN) Announces $0.30 Quarterly Dividend

PHINIA Inc. (NYSE:PHIN) declared a quarterly dividend on Friday, May 22nd. Stockholders of record on Tuesday, June 9th will be given a dividend of 0.30 per share on Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, June 9th.

PHINIA has a payout ratio of 25.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect PHINIA to earn $7.28 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 16.5%.

PHINIA Stock Performance

NYSE:PHIN opened at $79.32 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.82 and a quick ratio of 1.32. The firm has a 50-day moving average of $73.99 and a two-hundred day moving average of $68.37. The stock has a market cap of $2.94 billion, a P/E ratio of 22.16 and a beta of 1.16. PHINIA has a 1-year low of $41.59 and a 1-year high of $83.35.

PHINIA (NYSE:PHIN) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.16. PHINIA had a net margin of 3.96% and a return on equity of 13.23%. The company had revenue of $878.00 million during the quarter, compared to analysts’ expectations of $838.67 million. During the same period in the prior year, the company posted $0.94 EPS. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. On average, research analysts expect that PHINIA will post 6.36 earnings per share for the current fiscal year.

About PHINIA

PHINIA Inc engages in the development, design, and manufacture of integrated components and systems that optimize performance, increase efficiency, and reduce emissions in combustion and hybrid propulsion for commercial and light vehicles, and industrial applications. The company operates through Fuel Systems and Aftermarket segments. The Fuel Systems segment provides advanced fuel injection systems, including pumps, injectors, fuel rail assemblies, and engine control modules; fuel delivery modules; canisters; sensors; and electronic control modules.