dividend
confidence high
sentiment positive
materiality 0.65
Allison Transmission raises dividend 11% to $0.21, adds $1B to buyback
Allison Transmission Holdings Inc
- Quarterly dividend increased from $0.19 to $0.21 per share, payable March 18 to holders of record March 7.
- Board authorized additional $1B stock repurchase, bringing total program to $4B; $314M remained as of Dec 31, 2021.
- Annual stockholders meeting set for May 4; record date March 7.
- CFO Fred Bohley cites strong financial performance and disciplined capital allocation for the moves.