INDIANAPOLIS — Allison Transmission Holdings, Inc. (NYSE: ALSN) announced today that its board of directors has declared a cash dividend of $0.15 per share on the company’s common stock for the fourth quarter of 2018. Payment will be made on Nov. 30, to stockholders of record at the close of business on Nov. 19.
The payment of any future dividends will be at the discretion of the board of directors and will be dependent upon 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, and is a leader in hybrid propulsion systems for city buses. Allison transmissions are used in a variety of applications including refuse, construction, fire, distribution, bus, motorhomes, defense and energy.
Allison, which was founded in 1915, is headquartered in Indianapolis, Indiana, and employs approximately 2,700 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. https://allisontransmission.com