HomeMost PopularDecoding Allison Transmission Holdings' Dividend Declaration

Decoding Allison Transmission Holdings’ Dividend Declaration

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Allison Transmission Holdings Raises Quarterly Dividend to $0.25 Per Share

Allison Transmission Holdings recently announced on February 21, 2024, that its board of directors has approved a regular quarterly dividend of $0.25 per share ($1.00 annualized), up from the previous $0.23 per share. Shareholders of record as of March 4, 2024, will receive the payout on March 15, 2024.

Historical Yield Analysis and Financial Health

At the current stock price of $75.59 per share, the dividend yield stands at 1.32%. Over the past five years, after taking a weekly sample, the average dividend yield has been 1.78%, with the highest at 2.57% and the lowest at 1.22%. The company’s dividend payout ratio is 0.12, indicating a healthy financial position where it has scope for reinvestment and growth.

The 3-Year dividend growth rate is 0.21%, demonstrating the company’s commitment to enhancing shareholder value over time.

Fund Sentiment and Analyst Price Forecast

Currently, 939 funds or institutions hold positions in Allison Transmission Holdings, marking a 3.76% increase in the last quarter. The average portfolio weight amongst all these funds is at 0.24%, showing a slight reduction of 2.05%. Institutions collectively own 96,979K shares, after a 0.56% decrease in the past three months.

The put/call ratio for ALSN stands at 0.52, indicating a bullish market sentiment. Analyst price forecasts suggest a 14.54% downside, with the average one-year price target at $64.60, varying between $55.55 and $72.45.

Insight into Major Shareholders

Key institutional investors such as Burgundy Asset Management, Lsv Asset Management, Renaissance Technologies, Aqr Capital Management, and Vanguard Total Stock Market Index Fund Investor Shares have adjusted their positions in ALSN, showing varied decreases and increases in ownership and portfolio allocation over the last quarter.

Company Background and Global Presence

Allison Transmission, founded in 1915 and headquartered in Indianapolis, Indiana, is a leading manufacturer of automatic transmissions for a range of commercial vehicles and U.S. defense vehicles. With a presence in over 80 countries and manufacturing facilities in multiple regions, the company has established itself as a pivotal player in the global automotive industry.

Allison’s drive for innovation and adaptability in the evolving market landscape reinforces its reputation as a reliable and forward-thinking entity, dedicated to delivering value to shareholders while fostering technological advancement in the transportation sector.

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