Allison Transmission Holdings, Inc. (NYSE:ALSN) Shareholders Set to Receive $0.29 Quarterly Dividend

Allison Transmission Holdings, Inc. (NYSE:ALSN) declared a quarterly dividend on Wednesday, November 11th. Shareholders of record on Monday, November 23rd will be paid a dividend of $0.29 per share by the auto parts company on Friday, December 4th. This represents a $1.16 annualized dividend and a yield of 0.9%. The ex-dividend date is Monday, November 23rd.

Allison Transmission has increased its dividend by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 2 years. Allison Transmission has a dividend payout ratio of 11.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Allison Transmission to earn $11.56 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 10.0%.

Allison Transmission Stock Performance

NYSE:ALSN opened at $130.33 on Thursday. The stock has a fifty day moving average price of $116.51 and a 200-day moving average price of $118.72. The company has a market cap of $10.70 billion, a price-to-earnings ratio of 18.73, a PEG ratio of 0.60 and a beta of 1.06. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.16 and a current ratio of 1.77. Allison Transmission has a fifty-two week low of $78.77 and a fifty-two week high of $137.62.

Allison Transmission (NYSE:ALSN) last released its earnings results on Monday, November 2nd. The auto parts company reported $2.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.58. Allison Transmission had a return on equity of 42.33% and a net margin of 11.12%. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period in the prior year, the firm posted $1.63 EPS. Allison Transmission’s quarterly revenue was up 121.4% on a year-over-year basis. As a group, equities analysts anticipate that Allison Transmission will post 10.68 EPS for the current fiscal year.

About Allison Transmission

Allison Transmission designs and manufactures vehicle propulsion solutions, with a core business in fully automatic transmissions for commercial and military vehicles. Its products are used in applications such as buses, trucks, construction and refuse vehicles, emergency vehicles, and defense equipment. The company also develops electrified propulsion technologies, including hybrid systems and electric axles, for commercial vehicles. Allison serves customers in markets around the world. Founded in 1915, Allison’s transmission business was part of General Motors for decades before becoming independent in 2007.