Allison Transmission Holdings, Inc. (ALSN) to Issue Quarterly Dividend of $0.29 on May 29th

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) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Monday, May 18th.

Allison Transmission has raised its dividend payment by an average of 0.1%per year over the last three years and has raised 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 $10.87 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 10.7%.

Allison Transmission Price Performance

Allison Transmission stock opened at $123.23 on Friday. The company has a market cap of $10.24 billion, a price-to-earnings ratio of 19.16, a PEG ratio of 0.70 and a beta of 1.01. The firm’s fifty day moving average is $122.33 and its 200 day moving average is $106.76. 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 has a 52-week low of $76.01 and a 52-week high of $137.62.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Monday, May 4th. The auto parts company reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.47. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.38 billion. Allison Transmission had a net margin of 14.88% and a return on equity of 37.93%. Allison Transmission’s revenue was up 83.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.23 earnings per share. Sell-side analysts forecast that Allison Transmission will post 9.68 EPS for the current fiscal year.

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.