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Data last updated: Sep 06, 2026
Snapshot (as of Sep 06, 2026): Allison Transmission Holdings, Inc. (ALSN) pays a $1.14 annual dividend ($0.29 quarterly), yielding 0.87% at $131.24/share. Next ex-dividend date 2026-08-21. 12+ consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 0.87%
Annual Dividend: $1.14 per share
Payout Ratio: 17.8%
Ex-Dividend Date: 2026-08-21
Dividend Frequency: quarterly
Sector: Consumer Cyclical
Years of Dividend History: 15
Allison Transmission Holdings, Inc. dividend reflects a business built on fully-automatic transmissions for commercial trucks, defense vehicles, and transit buses, sold under the Allison Transmission brand across roughly 1,400 distributor and dealer locations worldwide. The current yield is 0.87%, with a trailing annual dividend rate of $1.14 per share paid quarterly. The next ex-dividend date is August 21, 2026. ALSN stock carries a beta of 0.974, making it close to market-neutral, which suits growth-and-income investors who want dividend expansion without outsized price swings.
Allison Transmission Holdings, Inc. pays out 17.8% of earnings as dividends, a payout ratio classified as conservative (below 40%). That leaves substantial room to sustain and grow the dividend, supported by demand across essential end markets including refuse collection, fire and emergency services, and U.S. military defense vehicles. Allison Transmission Holdings, Inc. dividend safety faces its main pressure from the cyclical nature of commercial vehicle demand, since a prolonged downturn in truck or construction activity could weigh on earnings even if the payout ratio currently sits well below stress levels.
Allison Transmission Holdings, Inc. dividend history shows a CAGR of 8.2% per year from 2013 to 2025. The per-share dividend grew from $0.42 to $1.08 over that period (2026 is a partial year and excluded from the CAGR calculation). Growth was not linear: the dividend held flat at $0.60 from 2016 through 2019 before resuming annual increases, and the largest single-year jump was 21.4% in 2014.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +8.7% | $0.84 (2022) | $1.08 (2025) |
| 5-Year | +9.7% | $0.68 (2020) | $1.08 (2025) |
| 10-Year | +6.1% | $0.60 (2015) | $1.08 (2025) |
ALSN stock fits growth-and-income investors who prioritize dividend expansion over current income. The yield is low (below 2%), and at 0.87% it sits above the 5-year average of 0.70%, so income buyers are getting slightly more yield than the historical norm. The real draw is the 8.2% annual dividend growth rate over 12 years, backed by a payout ratio of just 17.8% that gives the company room to keep raising. The trade-off is straightforward: current income is thin, and investors accept a sub-1% yield in exchange for a dividend that has more than doubled since 2013.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-21 | $0.2900 |
| 2026-05-18 | $0.2900 |
| 2026-03-09 | $0.2900 |
| 2025-11-21 | $0.2700 |
| 2025-08-20 | $0.2700 |
| 2025-05-19 | $0.2700 |
| 2025-03-03 | $0.2700 |
| 2024-11-18 | $0.2500 |
| 2024-08-19 | $0.2500 |
| 2024-05-17 | $0.2500 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.8700 |
| 2025 | $1.0800 |
| 2024 | $1.0000 |
| 2023 | $0.9200 |
| 2022 | $0.8400 |
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