Allison Transmission Holdings Inc (NYSE:ALSN) announced a quarterly dividend on Monday, August 12th, NASDAQ reports. Shareholders of record on Friday, August 23rd will be given a dividend of 0.15 per share by the auto parts company on Friday, August 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Thursday, August 22nd.

Allison Transmission has increased its dividend by an average of 10.1% annually over the last three years. Allison Transmission has a payout ratio of 13.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Allison Transmission to earn $4.52 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 13.3%.

Shares of ALSN stock traded down $0.70 during midday trading on Wednesday, reaching $42.87. 1,498 shares of the company were exchanged, compared to its average volume of 975,995. Allison Transmission has a 12 month low of $40.35 and a 12 month high of $53.76. The stock has a market capitalization of $5.22 billion, a P/E ratio of 8.96, a P/E/G ratio of 0.89 and a beta of 1.39. The business has a 50 day simple moving average of $45.66. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.10 and a current ratio of 1.51.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.26. Allison Transmission had a net margin of 24.06% and a return on equity of 96.05%. The company had revenue of $737.00 million for the quarter, compared to the consensus estimate of $688.08 million. During the same period in the previous year, the firm earned $1.29 EPS. Allison Transmission’s revenue was up 3.7% on a year-over-year basis. Equities research analysts predict that Allison Transmission will post 4.85 EPS for the current year.

A number of analysts recently commented on ALSN shares. Morgan Stanley started coverage on shares of Allison Transmission in a report on Wednesday, July 17th. They issued an “equal weight” rating and a $50.00 target price on the stock. Zacks Investment Research downgraded shares of Allison Transmission from a “strong-buy” rating to a “hold” rating and set a $53.00 target price on the stock. in a report on Wednesday, June 26th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $48.89.

In related news, SVP Randall R. Kirk sold 37,776 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $42.60, for a total value of $1,609,257.60. Following the sale, the senior vice president now directly owns 190,747 shares in the company, valued at approximately $8,125,822.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.00% of the stock is owned by insiders.

About Allison Transmission

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium- and heavy-tactical U.S. defense vehicles worldwide. It offers 12 transmission product lines for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school, transit, and hybrid-transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.

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Dividend History for Allison Transmission (NYSE:ALSN)

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