Allison Increases Regular Dividend, Schedules Annual Meeting
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Allison Transmission Holdings Inc. announced its board of directors approved an increase in the company’s quarterly dividend to 17 cents from 15 cents on its common stock.
Payment will be made March 20 to stockholders of record at the close of business March 9.
The Indianapolis-based company also announced today that its 2020 annual meeting of stockholders will be held May 6.
Allison is the world’s largest manufacturer of fully automatic transmissions for medium- and heavy-duty commercial vehicles and is a leader in electric hybrid-propulsion systems for city buses. — Transport Topics
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