Allison Transmission raises quarterly dividend 9% to 25c per share

Allison Transmission Holdings Inc. announced that its Board of Directors has approved an increase in the Company’s quarterly dividend from $0.23 to $0.25 per share on the Company’s common stock and has declared a cash dividend of $0.25 per share on the Company’s common stock for the first quarter of 2024. Payment will be made on March 15, to stockholders of record at the close of business on March 4. “For the fifth consecutive year, Allison’s Board of Directors has approved an increase to the quarterly dividend, demonstrating once again our unwavering commitment to prudent balance sheet management and capital allocation,” said Fred Bohley, Senior Vice President, Chief Financial Officer and Treasurer at Allison. “The consistent return of capital to shareholders, while simultaneously investing across the organization, is supported by Allison’s strong financial performance, as well as our disciplined and well-defined approach to the capital structure.”