PHINIA Inc. (NYSE:PHIN – Get Free Report) announced a quarterly dividend on Thursday, August 1st, Zacks reports. Shareholders of record on Friday, August 23rd will be paid a dividend of 0.25 per share on Friday, September 13th. This represents a $1.00 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Friday, August 23rd.
PHINIA has a payout ratio of 20.3% meaning its dividend is sufficiently covered by earnings. Analysts expect PHINIA to earn $4.45 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 22.5%.
PHINIA Stock Performance
Shares of NYSE:PHIN opened at $45.94 on Wednesday. PHINIA has a 12-month low of $23.46 and a 12-month high of $47.51. The company’s 50 day moving average price is $42.36 and its two-hundred day moving average price is $39.80. The firm has a market cap of $2.10 billion and a PE ratio of 14.02. The company has a quick ratio of 1.38, a current ratio of 1.85 and a debt-to-equity ratio of 0.47.
Insider Buying and Selling
In related news, VP Robert Boyle sold 1,828 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $43.77, for a total transaction of $80,011.56. Following the completion of the sale, the vice president now owns 36,337 shares of the company’s stock, valued at $1,590,470.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is owned by company insiders.
PHINIA Company Profile
PHINIA Inc engages in the development, design, and manufacture of integrated components and systems that optimize performance, increase efficiency, and reduce emissions in combustion and hybrid propulsion for commercial and light vehicles, and industrial applications. The company operates through Fuel Systems and Aftermarket segments.
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