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

Allison Transmission Holdings, Inc. (NYSE:ALSN) announced a quarterly dividend on Tuesday, August 11th. Shareholders of record on Friday, August 21st will be given a dividend of 0.29 per share by the auto parts company on Monday, August 31st. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, August 21st.

Allison Transmission has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 2 years. Allison Transmission has a payout ratio of 11.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Allison Transmission to earn $11.08 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 10.5%.

Allison Transmission Stock Performance

ALSN stock traded down $1.87 during trading hours on Wednesday, reaching $123.12. The stock had a trading volume of 35,787 shares, compared to its average volume of 975,738. The stock has a 50-day simple moving average of $117.54 and a 200 day simple moving average of $118.39. Allison Transmission has a fifty-two week low of $76.01 and a fifty-two week high of $137.62. The stock has a market capitalization of $10.17 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 0.68 and a beta of 0.95. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.81 and a quick ratio of 1.17.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Monday, August 3rd. The auto parts company reported $2.73 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.25. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.50 billion. Allison Transmission had a net margin of 12.02% and a return on equity of 38.18%. Allison Transmission’s revenue for the quarter was up 92.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.29 EPS. Analysts predict that Allison Transmission will post 9.76 EPS for the current fiscal year.

About Allison Transmission

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.