Allison Announces a 7 Percent Increase to the Quarterly Dividend and the Annual Stockholders Meeting and Record Date

Rhea-AI Summary

Allison (NYSE: ALSN) announced a 7% increase to its quarterly cash dividend from $0.27 to $0.29 per share and declared a $0.29 dividend for Q1 2026. Payment is scheduled for March 20, 2026 to holders of record at the close of business on March 9, 2026.

The Board noted this is the seventh consecutive year of a quarterly dividend increase and said future dividends remain at the Board's discretion, dependent on Allison's financial position, results, available cash, cash flow and capital requirements. The company also set its 2026 annual meeting for May 6, 2026.

Positive

• Dividend increase of 7% to $0.29 per share
• Seventh consecutive annual dividend raise
• Q1 2026 payment date set for March 20, 2026
• Record date established as March 9, 2026

Negative

• Future dividends are discretionary and contingent on financial results and cash
• Increase is 7%, below double-digit growth often seen as more material

INDIANAPOLIS, Feb. 26, 2026 /PRNewswire/ -- Allison Transmission Holdings Inc. (NYSE: ALSN), a global leader in high-performance mobility and work solutions built for the needs of the modern industrial world, announced today that its Board of Directors has approved an increase in the Company's quarterly dividend from $0.27 to $0.29 per share on the Company's common stock and has declared a cash dividend of $0.29 per share on the Company's common stock for the first quarter of 2026. Payment will be made on March 20, to stockholders of record at the close of business on March 9.

"For the seventh consecutive year, Allison's Board of Directors has approved an increase to the quarterly dividend, demonstrating once again our continued commitment to prudent balance sheet management and capital allocation," said Scott Mell, Chief Financial Officer and Treasurer at Allison. "Our ability to consistently return capital to shareholders, while simultaneously investing across our businesses to support long-term growth and deleveraging through accelerated debt repayments, is supported by Allison's strong financial performance and well-defined approach to capital structure management."

The payment of any future dividends will be at the discretion of the Board of Directors and will be dependent upon Allison's financial position, results of operations, available cash, cash flow, capital requirements and other factors deemed relevant by the Board of Directors.

The Company also announced that its 2026 annual meeting of stockholders will be held on May 6. The record date for the meeting will be March 9.

About Allison Transmission

Allison Transmission (NYSE: ALSN) is a global leader in high-performance mobility and work solutions built for the needs of the modern industrial world. Allison operates through two business units: Allison Transmission and Allison Off-Highway Drive & Motion Systems. Headquartered in Indianapolis, Indiana, USA, the Company manufactures solutions which offer industry-leading value propositions across vital sectors such as infrastructure, mining, energy, agriculture, construction, transportation and national security. For over 110 years, Allison has been recognized as a reliable partner of choice, keeping essential industries moving anytime, in over 150 countries around the world. For more information, visit https://allisontransmission.com. 

Forward-Looking Statements

This press release contains forward-looking statements. The words "believe," "expect," "anticipate," "intend," "estimate" and other expressions that are predictions of or indicate future events and trends and that do not relate to historical matters identify forward-looking statements. You should not place undue reliance on these forward-looking statements. Although forward-looking statements reflect management's good faith beliefs, reliance should not be placed on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements speak only as of the date the statements are made. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise. These forward-looking statements are subject to numerous risks and uncertainties, including, but not limited to: the significant costs we are expected to incur in connection with the integration of the Off-Highway Drive & Motion Systems business (the "Acquired Off-Highway Business") of Dana Incorporated ("Dana"); our ability to successfully integrate the Acquired Off-Highway Business and its operations in the expected time frame; our ability to realize all of the anticipated benefits from the integration of the Acquired Off-Highway Business and its operations and to effectively manage our expanded operations; our participation in markets that are competitive; our ability to prepare for, respond to and successfully achieve our objectives relating to technological and market developments, competitive threats and changing customer needs, including with respect to electric hybrid and fully electric commercial vehicles; increases in cost, disruption of supply or shortage of labor, freight, raw materials, energy or components used to manufacture or transport our products or those of our customers or suppliers, including as a result of geopolitical risks, natural disasters, extreme weather events, wars and public health crises such as pandemics; global economic volatility; general economic and industry conditions, including the risk of prolonged inflation and recession; labor strikes, work stoppages or similar labor disputes, which could significantly disrupt our operations or those of our principal customers or suppliers; the highly cyclical industries in which certain of our end users operate; uncertainty in the global regulatory and business environments in which we operate; the concentration of our net sales in our top five customers and the loss of any one of these; cybersecurity risks to our operational systems, security systems or infrastructure owned by us or our third-party vendors and suppliers; the failure of markets outside North America to increase adoption of fully automatic transmissions; the success of our research and development efforts, the outcome of which is uncertain; U.S. and foreign defense spending; risks associated with our international operations, including acts of war and increased trade protectionism and tariffs; 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 identify, consummate and effectively integrate acquisitions and collaborations; and risks related to our indebtedness.

 

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SOURCE Allison Transmission Holdings Inc.

FAQ

What dividend did Allison (ALSN) declare for Q1 2026 and when is it paid?

Allison declared a $0.29 per share cash dividend for Q1 2026, payable March 20, 2026. According to the company, shareholders of record at the close of business on March 9, 2026 will receive payment on that date.

How much did Allison (ALSN) raise its quarterly dividend on February 26, 2026?

Allison raised its quarterly dividend from $0.27 to $0.29 per share, a 7% increase. According to the company, this marks the seventh consecutive year the Board has approved an increase to the quarterly dividend.

What is the record date for Allison's (ALSN) Q1 2026 dividend and why does it matter?

The record date is March 9, 2026; shareholders on that date are eligible for the March 20 payment. According to the company, ownership at the close of business on the record date determines who receives the declared cash dividend.

When will Allison (ALSN) hold its 2026 annual meeting of stockholders?

Allison's 2026 annual meeting of stockholders is scheduled for May 6, 2026. According to the company, the meeting date and the March 9, 2026 record date were announced alongside the dividend declaration.

Does Allison (ALSN) guarantee future dividend increases after the March 2026 payout?

No, future dividends remain at the discretion of the Board and are not guaranteed. According to the company, dividend decisions will depend on Allison's financial position, results, available cash, cash flow and capital requirements.