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

PHINIA Inc. (NYSE:PHIN) announced a quarterly dividend on Friday, May 22nd. Shareholders of record on Tuesday, June 9th will be paid a dividend of 0.30 per share on Tuesday, June 23rd. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date 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 Price Performance

Shares of NYSE PHIN opened at $79.32 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.32 and a current ratio of 1.82. PHINIA has a fifty-two week low of $41.59 and a fifty-two week high of $83.35. The company has a market cap of $2.94 billion, a PE ratio of 22.16 and a beta of 1.16. The business has a 50-day simple moving average of $73.99 and a two-hundred day simple moving average of $68.37.

PHINIA (NYSE:PHIN) last released its earnings results on Thursday, April 30th. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.16. PHINIA had a return on equity of 13.23% and a net margin of 3.96%.The firm had revenue of $878.00 million during the quarter, compared to the consensus estimate of $838.67 million. During the same quarter in the previous year, the company posted $0.94 earnings per share. The company’s revenue was up 10.3% compared to the same quarter last year. As a group, equities analysts expect that PHINIA will post 6.36 EPS 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.