PHINIA Inc. (PHIN) to Issue Quarterly Dividend of $0.27 on December 12th

PHINIA Inc. (NYSE:PHIN) announced a quarterly dividend on Thursday, October 30th. Stockholders of record on Monday, November 24th will be paid a dividend of 0.27 per share on Friday, December 12th. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, November 24th.

PHINIA has a dividend payout ratio of 23.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect PHINIA to earn $5.20 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 20.8%.

PHINIA Trading Up 3.6%

NYSE:PHIN opened at $53.38 on Friday. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 24.04, a price-to-earnings-growth ratio of 0.48 and a beta of 1.45. PHINIA has a one year low of $36.25 and a one year high of $59.88. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.25 and a current ratio of 1.72. The business’s 50-day simple moving average is $54.65 and its 200 day simple moving average is $50.86.

PHINIA (NYSE:PHIN) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.42. The company had revenue of $908.00 million for the quarter, compared to the consensus estimate of $861.57 million. PHINIA had a return on equity of 11.64% and a net margin of 2.63%.PHINIA’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.17 EPS. PHINIA has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that PHINIA will post 4.21 earnings per share for the current fiscal 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.