PHINIA Inc. (NYSE:PHIN) to Issue Quarterly Dividend of $0.30

PHINIA Inc. (NYSE:PHIN) announced a quarterly dividend on Thursday, August 6th. Shareholders of record on Friday, September 4th will be given a dividend of 0.30 per share on Friday, September 18th. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, September 4th.

PHINIA has a payout ratio of 25.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect PHINIA to earn $6.95 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 17.3%.

PHINIA Price Performance

Shares of NYSE:PHIN opened at $74.94 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.34 and a current ratio of 1.81. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 21.47 and a beta of 1.17. The business has a 50-day simple moving average of $79.51 and a two-hundred day simple moving average of $74.56. PHINIA has a fifty-two week low of $50.28 and a fifty-two week high of $86.93.

PHINIA (NYSE:PHIN) last announced its earnings results on Thursday, July 30th. The company reported $1.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.04). PHINIA had a net margin of 3.73% and a return on equity of 13.86%. The company had revenue of $940.00 million for the quarter, compared to analysts’ expectations of $918.83 million. On average, analysts expect that PHINIA will post 6.18 earnings per share for the current year.

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. The Fuel Systems segment provides advanced fuel injection systems, including pumps, injectors, fuel rail assemblies, and engine control modules; fuel delivery modules; canisters; sensors; and electronic control modules.