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

PHINIA Inc. (NYSE:PHIN) declared a quarterly dividend on Thursday, November 12th. Stockholders of record on Monday, November 23rd will be given a dividend of $0.30 per share on Friday, December 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, November 23rd.

PHINIA has a dividend payout ratio of 25.5% meaning its dividend is sufficiently covered by earnings. Analysts expect PHINIA to earn $7.13 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 16.8%.

PHINIA Price Performance

PHIN opened at $72.44 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $2.61 billion, a P/E ratio of 14.61 and a beta of 1.16. The stock has a 50-day moving average price of $62.27 and a 200-day moving average price of $71.38. PHINIA has a 12-month low of $51.38 and a 12-month high of $86.93.

PHINIA (NYSE:PHIN) last announced its quarterly earnings data on Thursday, October 29th. The company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. The company had revenue of $912.00 million for the quarter, compared to analysts’ expectations of $928.21 million. PHINIA had a return on equity of 14.32% and a net margin of 5.22%. Equities analysts predict that PHINIA will post 6.10 earnings per share for the current fiscal year.

PHINIA Company Profile

PHINIA Inc. develops and manufactures fuel systems and aftermarket products for the global automotive and commercial vehicle industries. Its products include fuel injection and fuel delivery systems, ignition components, and related technologies for vehicles with internal combustion engines. The company also supplies replacement parts and services to the automotive aftermarket, including products under the Delphi brand. Its customers include vehicle and engine manufacturers as well as distributors and repair businesses.