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Allison Transmission Holdings ( (ALSN) ) has issued an announcement.
On February 19, 2025, Richard P. Lavin, a board member of Allison Transmission Holdings, announced he would not seek re-election due to health reasons, with no disagreements cited with the company. On February 20, 2025, Allison Transmission announced an increase in its stock repurchase program by $1 billion, bringing the total authorization to $5 billion, and an 8% increase in its quarterly dividend, reflecting a robust financial strategy and commitment to shareholder returns. The company’s annual stockholders meeting is scheduled for May 7, 2025, with a record date of March 10, 2025.
More about Allison Transmission Holdings
Allison Transmission Holdings Inc. is a leading designer and manufacturer of propulsion solutions, specializing in conventional and electrified vehicle systems. The company is the largest global manufacturer of medium- and heavy-duty fully automatic transmissions for commercial and defense vehicles, with applications in various industries, including on-highway, buses, motorhomes, and defense vehicles. Founded in 1915 and headquartered in Indianapolis, Indiana, Allison operates in over 150 countries with regional headquarters in the Netherlands, China, and Brazil, and manufacturing facilities in the USA, Hungary, and India.
YTD Price Performance: -3.61%
Average Trading Volume: 594,941
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $8.87B
Learn more about ALSN stock on TipRanks’ Stock Analysis page.
