PHINIA Inc. (PHIN) to Issue Quarterly Dividend of $0.30 on March 20th

PHINIA Inc. (NYSE:PHIN) announced 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) annualized dividend and a yield of 1.7%. The ex-dividend date 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 25.5% 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 $1.20 annual dividend with an expected future payout ratio of 23.1%.

PHINIA Stock Performance

PHINIA stock opened at $71.73 on Wednesday. PHINIA has a 52 week low of $36.25 and a 52 week high of $81.11. The company has a current ratio of 1.86, a quick ratio of 1.36 and a debt-to-equity ratio of 0.61. The stock has a market cap of $2.72 billion, a P/E ratio of 22.07 and a beta of 1.36. The stock has a 50 day moving average of $70.31 and a 200-day moving average of $60.93.

PHINIA (NYSE:PHIN) last posted its quarterly earnings results on Thursday, February 12th. The company reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.17). PHINIA had a net margin of 3.73% and a return on equity of 12.56%. The company had revenue of $889.00 million during the quarter, compared to analyst estimates of $843.59 million. During the same period in the prior year, the company earned $0.71 earnings per share. The company’s revenue was up 6.7% on a year-over-year basis. On average, analysts expect 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.