INDIANAPOLIS — Allison Transmission Holdings, Inc. (NYSE: ALSN) today announced that its bard of directors has declared a cash dividend of $0.15 per share on the company’s common stock for the third quarter of 2019. Payment will be made on August 30, 2019, to stockholders of record at the close of business on August 23, 2019.
The payment of any future dividends will be at the discretion of the board of directors. That will be dependent on Allison Transmission’s financial position, results of operations, available cash, cash flow, capital requirements and other factors that are deemed relevant by the board of directors.
About Allison Transmission
Allison Transmission (NYSE: ALSN) is the world’s largest manufacturer of fully automatic transmissions for medium- and heavy-duty commercial vehicles. Allison transmissions are used in a variety of applications, including refuse, construction, fire, distribution, bus, motorhomes, defense and energy.
Founded in 1915, the company is headquartered in Indianapolis, Indiana, and employs approximately 2,900 people worldwide. With a market presence in more than 80 countries, Allison has regional headquarters in the Netherlands, China and Brazil, with manufacturing facilities in the U.S., Hungary and India. Allison also has approximately 1,400 independent distributor and dealer locations worldwide. www.allisontransmission.com