Allison Transmission Holdings, Inc. (ALSN) To Go Ex-Dividend on May 18th

Allison Transmission Holdings, Inc. (NYSE:ALSN) announced a quarterly dividend on Wednesday, May 6th. Investors of record on Monday, May 18th will be given a dividend of 0.29 per share by the auto parts company on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, May 18th.

Allison Transmission has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 2 consecutive 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 $10.76 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 10.8%.

Allison Transmission Stock Down 4.4%

ALSN stock opened at $116.98 on Friday. The company has a current ratio of 1.85, a quick ratio of 4.17 and a debt-to-equity ratio of 2.23. Allison Transmission has a 1 year low of $76.01 and a 1 year high of $137.62. The company has a fifty day simple moving average of $121.89 and a 200 day simple moving average of $108.23. The firm has a market cap of $9.70 billion, a PE ratio of 18.19, a PEG ratio of 0.66 and a beta of 1.01.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Monday, May 4th. The auto parts company reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.47. Allison Transmission had a net margin of 14.88% and a return on equity of 37.50%. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the business earned $2.23 EPS. Allison Transmission’s quarterly revenue was up 83.6% compared to the same quarter last year. Sell-side analysts anticipate that Allison Transmission will post 9.86 EPS for the current fiscal year.

About Allison Transmission

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.