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PHINIA raised its dividend by 11.1% to $0.30 per share, citing strong earnings and growth forecasts.
PHINIA Inc. (NYSE:PHIN) raised its quarterly dividend to $0.30 per share, an 11.1% increase, payable on March 20 to shareholders of record on March 6.
The company reported strong fourth-quarter earnings of $1.59 per share, beating estimates, with revenue up 8.2% year-over-year to $908 million.
Analysts project $4.21 in EPS for the current fiscal year and $5.20 next year, supporting a sustainable 23% payout ratio.
The stock closed at $71.57 on January 29, up $1.13, with a market cap of $2.75 billion and a P/E ratio of 32.18.
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PHINIA elevó su dividendo en un 11,1% a 0,30 dólares por acción, citando fuertes ganancias y pronósticos de crecimiento.