Allison Transmission (ALSN) Raises Quarterly Dividend 25% to $0.15; Approves $500M Buyback Plan

Allison Transmission (NYSE: ALSN) declared a quarterly dividend of $0.15 per share, or $0.6 annualized. This is a 25% increase from the prior dividend of $0.12.

The dividend will be payable on November 26, 2014, to stockholders of record on November 10, 2014, with an ex-dividend date of November 6, 2014.

The annual yield on the dividend is 1.9 percent.

The company also announced that its Board of Directors has authorized a stock repurchase program for up to $500 million of its common stock, effective immediately.

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

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