Allison Transmission (ALSN) Raises Quarterly Dividend 9.5% to $0.23; 1.9% Yield

Allison Transmission (NYSE: ALSN) declared a quarterly dividend of $0.23 per share, or $0.92 annualized. This is a 9.5% increase from the prior dividend of $0.21.

The dividend will be payable on March 17, 2023, to stockholders of record on March 6, 2023, with an ex-dividend date of March 3, 2023.

The annual yield on the dividend is 1.9 percent.

“For the fourth consecutive year, Allison’s Board of Directors has approved an increase to the quarterly dividend, demonstrating once again our unwavering commitment to prudent balance sheet management and capital allocation,” said Fred Bohley, Senior Vice President, Chief Financial Officer and Treasurer at Allison. “The consistent return of capital to shareholders, while simultaneously investing across the organization, is supported by Allison’s strong financial performance, as well as our disciplined and well-defined approach to the capital structure.”

For a dividend history and other dividend-related data on Allison Transmission (ALSN) click here.

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