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

PHINIA Inc. (NYSE:PHIN) announced a quarterly dividend on Thursday, August 6th. Stockholders of record on Friday, September 4th will be paid a dividend of 0.30 per share on Friday, September 18th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, September 4th.

PHINIA has a payout ratio of 25.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect PHINIA to earn $6.95 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 17.3%.

PHINIA Price Performance

NYSE:PHIN opened at $74.94 on Friday. The firm has a market cap of $2.75 billion, a PE ratio of 21.47 and a beta of 1.17. The company has a quick ratio of 1.34, a current ratio of 1.81 and a debt-to-equity ratio of 0.63. PHINIA has a 12 month low of $50.28 and a 12 month high of $86.93. The company’s 50-day moving average price is $79.51 and its two-hundred day moving average price is $74.56.

PHINIA (NYSE:PHIN) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.04). The business had revenue of $940.00 million during the quarter, compared to the consensus estimate of $918.83 million. PHINIA had a net margin of 3.73% and a return on equity of 13.86%. On average, equities analysts anticipate that PHINIA will post 6.18 EPS for the current fiscal year.

About PHINIA

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.