Allison Transmission Holdings, Inc. (NYSE:ALSN) Announces $0.27 Quarterly Dividend

Key Points

• Allison Transmission Holdings, Inc. has declared a quarterly dividend of $0.27 per share, with an annual yield of 1.2%, set to be paid on August 29th to investors of record as of August 20th.
• The company reported earnings of $2.29 per share, exceeding estimates, and generated $814 million in revenue for the quarter, although revenue was down 0.2% compared to the previous year.
• Shares of Allison Transmission stock experienced a slight increase during trading, reaching $88.31, with a market capitalization of $7.38 billion and a price-to-earnings ratio of 10.03.

Allison Transmission Holdings, Inc. (NYSE:ALSN - Get Free Report) declared a quarterly dividend on Monday, August 11th, Wall Street Journal reports. Investors of record on Wednesday, August 20th will be paid a dividend of 0.27 per share by the auto parts company on Friday, August 29th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, August 20th.

Allison Transmission has a payout ratio of 10.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Allison Transmission to earn $10.06 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 10.7%.

Allison Transmission Stock Performance

Shares of Allison Transmission stock traded up $0.58 during trading hours on Monday, hitting $88.31. 786,805 shares of the company's stock traded hands, compared to its average volume of 798,691. Allison Transmission has a 12-month low of $80.39 and a 12-month high of $122.53. The company has a fifty day simple moving average of $93.40 and a 200-day simple moving average of $97.52. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.36 and a quick ratio of 2.64. The stock has a market capitalization of $7.38 billion, a price-to-earnings ratio of 10.03 and a beta of 0.97.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its earnings results on Monday, August 4th. The auto parts company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.09. Allison Transmission had a return on equity of 45.56% and a net margin of 23.81%. The firm had revenue of $814.00 million for the quarter, compared to analysts' expectations of $811.05 million. During the same period in the previous year, the firm earned $2.13 earnings per share. The business's revenue was down .2% compared to the same quarter last year. Equities research analysts anticipate that Allison Transmission will post 9.06 EPS for the current fiscal year.

Allison Transmission Company Profile

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, and electrified propulsion systems worldwide. It provides commercial-duty on-highway, off-highway and defense fully automatic transmissions, and electric hybrid and fully electric systems.

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