INDIANAPOLIS--(BUSINESS WIRE)--Feb. 21, 2019--
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 first quarter of 2019. Payment will
be made on March 15, to stockholders of record at the close of business
on March 4.
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 deemed relevant by the board of
The company also announced today that its 2019 annual meeting of
stockholders will be held on May 8. The record date for the meeting will
be March 11.
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. Founded in 1915, the company is headquartered in Indianapolis,
Indiana, USA 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. 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 terminology such as "may," "will,"
"should," "expect," "plans," "project," "anticipate," "believe,"
"estimate," "predict," "intend," "forecast," "could," "potential,"
"continue" or the negative of these terms or other similar terms or
phrases. Forward-looking statements are not guarantees of future
performance and involve known and unknown risks. Factors which may cause
the actual results to differ materially from those anticipated at the
time the forward-looking statements are made include, but are not
limited to: risks related to our substantial indebtedness; uncertainty
in the global regulatory and business environments in which we operate;
our participation in markets that are competitive; the highly cyclical
industries in which certain of our end users operate; the failure of
markets outside North America to increase adoption of fully-automatic
transmissions; the concentration of our net sales in our top five
customers and the loss of any one of these; future reductions or changes
in government subsidies for hybrid vehicles and other external factors
impacting demand; U.S. defense spending; general economic and industry
conditions; the discovery of defects in our products, resulting in
delays in new model launches, recall campaigns and/or increased warranty
costs and reduction in future sales or damage to our brand and
reputation; our ability to prepare for, respond to and successfully
achieve our objectives relating to technological and market
developments, competitive threats and changing customer needs; risks
associated with our international operations; labor strikes, work
stoppages or similar labor disputes, which could significantly disrupt
our operations or those of our principal customers; 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, Quarterly Reports on Form 10-Q and Current Reports
on Form 8-K. Although we believe the expectations reflected in such
forward-looking statements are based upon reasonable assumptions, we can
give no assurance that the expectations will be attained or that any
deviation will not be material. All information is as of the date of
this press release, and we undertake no obligation to update any
forward-looking statement to conform the statement to actual results or
changes in expectations.
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Source: Allison Transmission Holdings Inc.