Allison Transmission Keeps Dividend Steady
Heavy-duty engine maker Allison Transmission announced today its third-quarter dividend of $0.12 per share, the same rate it paid last quarter after doubling the payout to investors from $0.06 per share.
The board of directors said the quarterly dividend is payable on August 30 to holders of record at the close of business on August 19. The regular dividend payment equates to a $0.48-per-share annual dividend, yielding 2.1% based on the closing price today of Allison Transmission's stock.
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