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) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, September 4th.

PHINIA has a dividend payout ratio of 25.5% meaning its dividend is sufficiently covered by earnings. Equities research 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 Stock Down 2.1%

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

PHINIA (NYSE:PHIN) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.04). PHINIA had a return on equity of 13.86% and a net margin of 3.73%.The business had revenue of $940.00 million for the quarter, compared to analysts’ expectations of $918.83 million. Equities analysts anticipate that PHINIA will post 6.18 EPS 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.