Allison Transmission's Ex-Dividend Date Is Friday, Here's What You Need To Know

Thursday marks the last chance for investors to receive the next dividend payout from Allison Transmission ALSN.

What's Happening

The company announced on Thursday that it would pay shareholders a quarterly dividend of 23 cents per share. On Friday, Allison Transmission will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 23 cents lower than it would have opened on any other day.

In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own ALSN as of the end of Thursday's session are eligible to receive the 23 cents dividend payout for every share that they own.

According to the company, this dividend will be paid out to shareholders on November 30, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.

See current stock movements Allison Transmission on Benzinga.