PHINIA Inc. (PHIN) To Go Ex-Dividend on June 9th

PHINIA Inc. (NYSE:PHIN) announced a quarterly dividend on Friday, May 22nd. Shareholders of record on Tuesday, June 9th will be paid a dividend of 0.30 per share on Tuesday, June 23rd. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, June 9th.

PHINIA has a payout ratio of 25.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect PHINIA to earn $7.28 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 16.5%.

PHINIA Stock Down 3.6%

Shares of NYSE PHIN opened at $79.32 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.82 and a quick ratio of 1.32. The company has a market cap of $2.94 billion, a P/E ratio of 22.16 and a beta of 1.16. PHINIA has a 1 year low of $41.59 and a 1 year high of $83.35. The firm has a 50-day simple moving average of $73.99 and a two-hundred day simple moving average of $68.37.

PHINIA (NYSE:PHIN) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.16. The business had revenue of $878.00 million during the quarter, compared to the consensus estimate of $838.67 million. PHINIA had a net margin of 3.96% and a return on equity of 13.23%. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.94 earnings per share. Research analysts anticipate that PHINIA will post 6.36 earnings per share for the current 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.