PHINIA Inc. (NYSE:PHIN) Increases Dividend to $0.30 Per Share

PHINIA Inc. (NYSE:PHIN) declared a quarterly dividend on Thursday, January 29th. Shareholders of record on Friday, March 6th will be given a dividend of 0.30 per share on Friday, March 20th. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, March 6th. This is a 11.1% increase from PHINIA’s previous quarterly dividend of $0.27.

PHINIA has a dividend payout ratio of 23.0% meaning its dividend is sufficiently covered by earnings. Analysts expect PHINIA to earn $5.20 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 20.8%.

PHINIA Stock Up 1.6%

Shares of NYSE PHIN traded up $1.13 during trading on Friday, hitting $71.57. The stock had a trading volume of 49,957 shares, compared to its average volume of 339,422. The firm has a fifty day moving average of $62.08 and a two-hundred day moving average of $57.08. The company has a market capitalization of $2.75 billion, a PE ratio of 32.18 and a beta of 1.37. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.72 and a quick ratio of 1.25. PHINIA has a 12 month low of $36.25 and a 12 month high of $72.04.

PHINIA (NYSE:PHIN) last released its quarterly earnings results on Tuesday, October 28th. The company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.42. PHINIA had a net margin of 2.63% and a return on equity of 11.64%. The business had revenue of $908.00 million for the quarter, compared to analysts’ expectations of $861.57 million. During the same period in the previous year, the company earned $1.17 earnings per share. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, equities research analysts forecast that PHINIA will post 4.21 EPS for the current fiscal year.

PHINIA Company Profile

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.