Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Will Pay Quarterly Dividend of $0.29

Allison Transmission Holdings, Inc. (NYSE:ALSN) announced a quarterly dividend on Wednesday, November 11th. Stockholders of record on Monday, November 23rd will be given a dividend of $0.29 per share by the auto parts company on Friday, December 4th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Monday, November 23rd.

Allison Transmission has increased 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 dividend payout ratio of 11.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Allison Transmission to earn $11.56 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 10.0%.

Allison Transmission Price Performance

Shares of NYSE ALSN opened at $130.33 on Thursday. Allison Transmission has a fifty-two week low of $78.77 and a fifty-two week high of $137.62. The stock has a market capitalization of $10.70 billion, a price-to-earnings ratio of 18.73, a PEG ratio of 0.60 and a beta of 1.06. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.77 and a quick ratio of 1.16. The business has a 50-day moving average of $116.51 and a 200-day moving average of $118.72.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Monday, November 2nd. The auto parts company reported $2.90 EPS for the quarter, beating the consensus estimate of $2.32 by $0.58. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Allison Transmission had a return on equity of 42.33% and a net margin of 11.12%. The business’s quarterly revenue was up 121.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.63 earnings per share. As a group, sell-side analysts predict that Allison Transmission will post 10.68 earnings per share for the current fiscal year.

About Allison Transmission

Allison Transmission designs and manufactures vehicle propulsion solutions, with a core business in fully automatic transmissions for commercial and military vehicles. Its products are used in applications such as buses, trucks, construction and refuse vehicles, emergency vehicles, and defense equipment. The company also develops electrified propulsion technologies, including hybrid systems and electric axles, for commercial vehicles. Allison serves customers in markets around the world. Founded in 1915, Allison’s transmission business was part of General Motors for decades before becoming independent in 2007.