Allison Transmission Holdings, Inc. (ALSN) To Go Ex-Dividend on March 9th

Allison Transmission Holdings, Inc. (NYSE:ALSN) declared a quarterly dividend on Wednesday, February 25th. Shareholders of record on Monday, March 9th will be paid a dividend of 0.29 per share by the auto parts company on Friday, March 20th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Monday, March 9th. This is a 7.4% increase from Allison Transmission’s previous quarterly dividend of $0.27.

Allison Transmission has raised 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% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Allison Transmission to earn $10.06 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 11.5%.

Allison Transmission Trading Down 4.2%

Shares of ALSN opened at $117.03 on Friday. Allison Transmission has a 52-week low of $76.01 and a 52-week high of $128.85. The stock has a market cap of $9.69 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 0.80 and a beta of 0.96. The firm’s fifty day moving average is $112.17 and its two-hundred day moving average is $96.08. The company has a quick ratio of 4.17, a current ratio of 4.85 and a debt-to-equity ratio of 1.55.

Allison Transmission Company Profile

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.