Allison Transmission Announces Increase To Quarterly Dividend From $0.23 To $0.25 Per Share
Portfolio Pulse from Benzinga Newsdesk
Allison Transmission Holdings Inc. (NYSE:ALSN) has increased its quarterly dividend from $0.23 to $0.25 per share, marking the fifth consecutive year of dividend increases. This decision reflects the company's strong financial performance and commitment to returning capital to shareholders. The next dividend payment is scheduled for March 15, 2024, to stockholders of record as of March 4. Additionally, the company's 2024 annual meeting of stockholders is set for May 8, with a record date of March 11.
February 21, 2024 | 9:47 pm
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Allison Transmission Holdings Inc. has raised its quarterly dividend to $0.25 per share, demonstrating strong financial health and a commitment to shareholder returns.
The increase in dividend is a positive signal to investors, indicating Allison Transmission's strong financial performance and confidence in its future prospects. This move is likely to be well-received by the market, potentially leading to a positive short-term impact on the stock price. Dividend increases are often viewed as indicators of a company's health and growth potential, making this news particularly relevant to current and potential investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100