PHINIA Inc. (NYSE:PHIN) Shares Will Pay Quarterly Dividend of $0.30

PHINIA Inc. (NYSE:PHIN) announced a quarterly dividend on Thursday, November 12th. Stockholders of record on Monday, November 23rd will be paid a dividend of $0.30 per share on Friday, December 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Monday, November 23rd.

PHINIA has a dividend payout ratio of 25.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect PHINIA to earn $7.13 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 16.8%.

PHINIA Stock Performance

Shares of PHIN stock opened at $72.44 on Friday. PHINIA has a one year low of $51.38 and a one year high of $86.93. The stock has a market cap of $2.61 billion, a P/E ratio of 14.61 and a beta of 1.16. The company has a fifty day moving average price of $62.27 and a two-hundred day moving average price of $71.38. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.70 and a quick ratio of 1.28.

PHINIA (NYSE:PHIN) last released its quarterly earnings results on Thursday, October 29th. The company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.15. The business had revenue of $912.00 million during the quarter, compared to analysts’ expectations of $928.21 million. PHINIA had a return on equity of 14.32% and a net margin of 5.22%. As a group, equities analysts predict that PHINIA will post 6.10 EPS for the current year.

About PHINIA

PHINIA Inc. develops and manufactures fuel systems and aftermarket products for the global automotive and commercial vehicle industries. Its products include fuel injection and fuel delivery systems, ignition components, and related technologies for vehicles with internal combustion engines. The company also supplies replacement parts and services to the automotive aftermarket, including products under the Delphi brand. Its customers include vehicle and engine manufacturers as well as distributors and repair businesses.