Allison Transmission stock dividend – Allison Transmission Holdings Declares Cash Dividend of 0.23
June 19, 2023
🌥️Dividends Yield
On May 26 2023, Allison Transmission ($NYSE:ALSN) Holdings Inc. declared a cash dividend of 0.23 USD per share. If you are considering investing in a dividend stock, ALLISON TRANSMISSION may be a strong option. Over the past three years, the company has issued an annual dividend per share of 0.86 USD, 0.84 USD and 0.76 USD, with respective dividend yields of 2.05%, 2.12%, and 1.9% and an average dividend yield of 2.02%. In addition to this dividend, ALLISON TRANSMISSION also offers its shareholders numerous other advantages.
These benefits include the potential for capital appreciation, tax advantages, and increased liquidity of shares of the company. Overall, the recent announcement from Allison Transmission Holdings Inc. makes it an attractive option for dividend investors looking for consistent income with potential for capital appreciation. With the ex-dividend date for 2023 set for May 12, interested investors should consider acting now to ensure they receive the next dividend payment.
Market Price
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Allison Transmission. More…
| Total Revenues | Net Income | Net Margin |
| 2.83k | 572 | 21.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Allison Transmission. More…
| Operations | Investing | Financing |
| 688 | -167 | -320 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Allison Transmission. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.83k | 3.85k | 10.81 |
Key Ratios Snapshot
Some of the financial key ratios for Allison Transmission are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.1% | -2.1% | 28.6% |
| FCF Margin | ROE | ROA |
| 18.2% | 54.4% | 10.5% |
Analysis
After performing an analysis on the wellbeing of ALLISON TRANSMISSION, I arrived at a few key points. According to Star Chart, ALLISON TRANSMISSION is classified as a ‘rhino’ company, which indicates that it has achieved moderate revenue or earnings growth. This type of company may be of interest to investors who value stability and dividend payments. Additionally, ALLISON TRANSMISSION is strong in dividend and profitability but only medium in growth. It is also weak in asset. However, ALLISON TRANSMISSION has a high health score of 8/10 due to its cashflows and debt. This means that the company is capable of paying off debt and funding future operations. More…
Peers
With headquarters in Indianapolis, Indiana, Allison Transmission has approximately 2,700 employees and over 70 facilities worldwide. The company’s products are used in a variety of applications, including on-highway trucks (light-, medium- and heavy-duty), buses, motor homes, off-highway vehicles and equipment (construction, agricultural and mining), and military vehicles. Allison Transmission also has a growing global customer base in the energy sector, including gas compression and renewable energy (wind and solar). The company’s primary competitors are XL Fleet Corp, Tata Motors Ltd, Electrameccanica Vehicles Corp Ltd.
– XL Fleet Corp ($NYSE:XL)
Founded in 2001, Fleet Corp is a provider of enterprise software solutions. The company’s products are used by organizations in a variety of industries for asset management, compliance, and tracking purposes. Fleet Corp has a market cap of 111.42M as of 2022 and a return on equity of -9.42%. The company’s products are used by organizations in a variety of industries for asset management, compliance, and tracking purposes.
– Tata Motors Ltd ($NYSE:TTM)
Tata Motors Ltd. is an Indian multinational automotive manufacturing company headquartered in Mumbai, Maharashtra, India. Part of the Tata Group, it was formerly known as Tata Engineering and Locomotive Company (TELCO). Its products include passenger cars, trucks, vans, coaches, buses, construction equipment and military vehicles. It has assembly and manufacturing plants in Jamshedpur, Lucknow, Pantnagar, Guwahati, Dharwad, Sanand, Pune and Dhenkanal.
– Electrameccanica Vehicles Corp Ltd ($NASDAQ:SOLO)
Electrameccanica Vehicles Corp Ltd is a Canadian electric vehicle manufacturer based in Vancouver, British Columbia. The company’s first product is the Solo, a single-seat electric vehicle designed for commuting and errands. The Solo uses a 20 kWh lithium-ion battery and has a range of 160 km (100 mi). It is capable of reaching speeds of up to 130 km/h (81 mph).
Summary
ALLISON TRANSMISSION is an attractive dividend stock for investors. Over the past three years, the company has issued an average dividend per share of 0.86 USD with an average dividend yield of 2.02%. Looking at the historical dividend payments, investors can expect a steady and reliable return from this stock. While examining other investment opportunities, investors should also consider if ALLISON TRANSMISSION can meet their needs with its dividend return.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
