INDIANAPOLIS, Feb. 8, 2018 /PRNewswire/ -- 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 2018. Payment will be made on Feb. 28, to stockholders of record at the close
of business on Feb. 20.
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 directors.
The company also announced today that its 2018 annual meeting of
stockholders will be held on May 9.
The record date for the meeting will be March 12.
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.
Forward-Looking Statements
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.