Allison Transmission's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Allison Transmission (NYSE:ALSN) has announced a quarterly dividend of 23 cents per share. The ex-dividend date is Friday, meaning the stock will likely open 23 cents lower to reflect the payout. Shareholders who own ALSN as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on November 30, 2023.
November 07, 2023 | 2:45 pm
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Allison Transmission's stock will likely open lower on the ex-dividend date due to the dividend payout. The dividend will be paid out on November 30, 2023.
The company's stock price is expected to decrease by the amount of the dividend on the ex-dividend date. This is a common occurrence as the stock price adjusts to reflect the payout. Investors who own the stock prior to the ex-dividend date are eligible for the dividend.
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