PHINIA Inc. (PHIN) to Distribute Quarterly Dividend of $0.30 on September 18th

PHINIA Inc. (NYSE:PHIN) announced a quarterly dividend on Thursday, August 6th. Stockholders of record on Friday, September 4th will be paid a dividend of 0.30 per share on Friday, September 18th. This represents a c) annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, September 4th.

PHINIA has a payout ratio of 25.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect PHINIA to earn $6.95 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 17.3%.

PHINIA Trading Down 2.3%

NYSE PHIN opened at $66.89 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.34 and a current ratio of 1.81. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 19.17 and a beta of 1.17. The firm has a 50 day simple moving average of $76.43 and a 200-day simple moving average of $74.70. PHINIA has a one year low of $50.79 and a one year high of $86.93.

PHINIA (NYSE:PHIN) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.53 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.04). PHINIA had a net margin of 3.73% and a return on equity of 13.86%. The business had revenue of $940.00 million during the quarter, compared to analysts’ expectations of $918.83 million. Equities research analysts anticipate that PHINIA will post 6.18 EPS for the current fiscal year.

About PHINIA

PHINIA Inc engages in the development, design, and manufacture of integrated components and systems that optimize performance, increase efficiency, and reduce emissions in combustion and hybrid propulsion for commercial and light vehicles, and industrial applications. The company operates through Fuel Systems and Aftermarket segments. The Fuel Systems segment provides advanced fuel injection systems, including pumps, injectors, fuel rail assemblies, and engine control modules; fuel delivery modules; canisters; sensors; and electronic control modules.