NYSE:ALSNMachinery
Allison Transmission Raises Dividend As Acquisition Reshapes Cash Return Potential
Allison Transmission Holdings (NYSE:ALSN) has approved a 7% increase to its quarterly dividend.
The dividend change follows the completion of the Off Highway Drive & Motion Systems acquisition from Dana Incorporated.
The acquisition expands Allison's product portfolio and global presence in drivetrain and propulsion systems.
Allison Transmission Holdings, known for its fully automatic transmissions and propulsion solutions, is leaning further into its core strengths as it integrates the Off...