Allison Transmission Holdings Inc. announced that its Board of Directors has approved an 8% increase in the company's quarterly dividend, raising it from $0.25 to $0.27 per share. This marks the sixth consecutive annual increase in the quarterly dividend.
The Board also authorized an additional $1 billion for the company's stock repurchase program, bringing the total authorization to $5 billion. This move demonstrates Allison's commitment to prudent balance sheet management and capital allocation.
The consistent return of capital to shareholders, alongside investments across the organization, is supported by Allison's strong financial performance and disciplined approach to its capital structure. The dividend payment for the first quarter of 2025 will be made on March 14 to stockholders of record on March 3.
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