Allison Transmission declares quarterly dividend
INDIANAPOLIS, August 06, 2021– (BUSINESS WIRE) – Allison Transmission Holdings Inc. (NYSE: ALSN) today announced that its board of directors has declared a cash dividend of $ 0.19 per share on the Company’s common shares for the third quarter 2021. Payment will be made on August 27, 2021, to shareholders of record at the close of business on August 16, 2021.
Payment of any future dividends will be at the discretion of the Board of Directors and will depend on Allison Transmission’s financial condition, results of operations, available liquidity, cash flow, capital requirements and other factors. deemed relevant by the board of directors.
About Allison Transmission
Allison Transmission (NYSE: ALSN) is a leading designer and manufacturer of vehicle propulsion solutions for commercial and defense vehicles, the world’s largest manufacturer of medium and heavy fully automatic transmissions, and a leader in electrified propulsion that improve the way the world Works. Allison products are used in a wide variety of applications, including highway trucks (distribution, waste, construction, fire and emergency), buses (school, transit, and coach), motor homes, off-road vehicles and equipment. road (energy, mining and construction applications) and defense vehicles (wheeled and tactical tracked). Founded in 1915, the company is headquartered in Indianapolis, Indiana, United States. With a presence in more than 150 countries, Allison has regional headquarters in the Netherlands, China and Brazil, manufacturing facilities in the United States, Hungary and India, as well as global engineering resources, including electrification engineering centers in Indianapolis, Indiana, Auburn Hills, Michigan and London in the UK. Allison also has more than 1,400 independent distributor and dealer locations around the world. For more information, visit allisontransmission.com.
This press release contains forward-looking statements. All statements other than statements of historical fact contained in this press release are forward-looking statements, including all statements regarding future financial results. In some cases, you can identify forward-looking statements by words such as “may”, “will”, “should”, “expect”, “plan”, “plan”, “anticipate”, “believe”, “Estimate,” “predict”, “intend”, “foresee”, “might”, “potential”, “continue” or the negative of these or other words or similar expressions. not guarantees of future performance and involve known and unknown risks. Factors that may cause actual results to differ materially from those anticipated at the time the forward-looking statements are made include, but are not limited to: duration and duration spread of the COVID-19 pandemic, including new variants of the virus and the pace and availability of vaccines, the mitigation of efforts by government agencies and the general public, and the overall impact of such epidemic on economic conditions, the v olatility of financial markets and our business, including, but not limited to, the operations of our manufacturing and other facilities, our supply chain, our distribution processes and the demand for our products and the corresponding impacts on our net sales and our cash flow; increased costs, supply disruption or shortage of labor, freight, raw materials or components used to manufacture or transport our products, including due to the COVID-19 pandemic; the risks associated with our significant indebtedness; our participation in competitive markets; the highly cyclical sectors in which some of our end users operate; uncertainty in the global regulatory and business environments in which we operate; our ability to prepare for, respond to and successfully achieve our objectives related to technological and business developments, competitive threats and changing customer needs; the concentration of our net sales on our top five customers and the loss of one of them; the failure of markets outside of North America to increase adoption of fully automatic transmissions; the success of our research and development efforts, the outcome of which is uncertain; US and foreign defense spending; risks associated with our international operations, including increased trade protectionism; general economic and industrial conditions; the discovery of defects in our products, resulting in delays in the launch of new models, recall campaigns and / or increased warranty costs and reduced future sales or damage to our brand and reputation; our ability to effectively identify, complete and integrate acquisitions; labor shortages, strikes, work stoppages or similar labor disputes, which could significantly disrupt our operations or those of our major customers or suppliers; our intention to pay dividends and repurchase shares of our common stock and other risks and uncertainties associated with our business described in our annual report on Form 10-K, our quarterly reports on Form 10-Q and our current reports on form 8-K. Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, we cannot guarantee that the expectations will be met or that any deviation will not be material. All information is as of the date of this press release, and we assume no obligation to update any forward-looking statement to conform it to actual results or to changes in expectations.
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Managing Director, Investor Relations