Allison Transmission Holdings, Inc. (NYSE:ALSN) Plans Quarterly Dividend of $0.29

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) annualized dividend 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 Price Performance

Shares of ALSN stock traded down $1.01 during trading hours on Friday, hitting $123.81. The company’s stock had a trading volume of 55,416 shares, compared to its average volume of 863,622. The company has a current ratio of 4.85, a quick ratio of 3.06 and a debt-to-equity ratio of 1.55. The business has a fifty day moving average of $109.36 and a 200-day moving average of $94.63. Allison Transmission has a twelve month low of $76.01 and a twelve month high of $125.66. The stock has a market cap of $10.25 billion, a price-to-earnings ratio of 16.89, a P/E/G ratio of 0.81 and a beta of 0.97.

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.