Allison Transmission Holdings Inc Declares Quarterly Dividend of $0.15 (ALSN)

Allison Transmission Holdings Inc (NYSE:ALSN) announced a quarterly dividend on Friday, May 10th, Wall Street Journal reports. Stockholders of record on Monday, May 20th will be given a dividend of 0.15 per share by the auto parts company on Friday, May 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Friday, May 17th.

Allison Transmission has raised its dividend payment by an average of 10.1% annually over the last three years. Allison Transmission has a payout ratio of 13.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Allison Transmission to earn $4.50 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 13.3%.

NYSE ALSN opened at $45.90 on Friday. Allison Transmission has a 1-year low of $39.41 and a 1-year high of $53.76. The company has a debt-to-equity ratio of 3.37, a current ratio of 1.89 and a quick ratio of 1.49. The stock has a market capitalization of $5.65 billion, a PE ratio of 8.99, a P/E/G ratio of 0.97 and a beta of 1.36.

Allison Transmission (NYSE:ALSN) last released its earnings results on Tuesday, April 23rd. The auto parts company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.20. Allison Transmission had a return on equity of 97.36% and a net margin of 24.04%. The company had revenue of $675.00 million during the quarter, compared to analyst estimates of $658.01 million. During the same quarter in the previous year, the company posted $1.08 EPS. Allison Transmission’s revenue for the quarter was up 1.8% on a year-over-year basis. Equities research analysts forecast that Allison Transmission will post 4.66 earnings per share for the current year.

A number of research firms have recently weighed in on ALSN. Mizuho reissued a “hold” rating and issued a $53.00 target price on shares of Allison Transmission in a research note on Tuesday, February 26th. Zacks Investment Research lowered Allison Transmission from a “buy” rating to a “hold” rating in a research note on Wednesday. ValuEngine lowered Allison Transmission from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. Credit Suisse Group boosted their target price on Allison Transmission from $54.00 to $55.00 and gave the company an “outperform” rating in a research note on Wednesday, February 27th. Finally, Piper Jaffray Companies set a $28.00 target price on Allison Transmission and gave the company a “sell” rating in a research note on Monday, January 14th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $48.78.

In other Allison Transmission news, Director William R. Harker sold 4,977,043 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $46.70, for a total transaction of $232,427,908.10. Following the completion of the transaction, the director now owns 10,318 shares of the company’s stock, valued at approximately $481,850.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William R. Harker sold 75,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $47.08, for a total value of $3,531,000.00. The disclosure for this sale can be found here. Corporate insiders own 9.00% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This piece of content was posted by Transcript Daily and is the property of of Transcript Daily. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of international copyright legislation. The correct version of this piece of content can be accessed at

About Allison Transmission

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium- and heavy-tactical U.S. defense vehicles worldwide. It offers 12 transmission product lines for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school, transit, and hybrid-transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.

Featured Story: S&P 500 Index

Dividend History for Allison Transmission (NYSE:ALSN)

Receive News & Ratings for Allison Transmission Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allison Transmission and related companies with's FREE daily email newsletter.