PHINIA Inc. (NYSE:PHIN – Get Free Report) declared a quarterly dividend on Thursday, May 9th, Wall Street Journal reports. Stockholders of record on Friday, May 24th will be paid a dividend of 0.25 per share on Friday, June 14th. This represents a $1.00 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Thursday, May 23rd.
PHINIA has a payout ratio of 20.2% meaning its dividend is sufficiently covered by earnings. Analysts expect PHINIA to earn $4.82 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 20.7%.
PHINIA Stock Performance
Shares of PHIN opened at $44.58 on Wednesday. The firm’s 50-day simple moving average is $39.57 and its 200 day simple moving average is $33.02. The company has a current ratio of 1.71, a quick ratio of 1.27 and a debt-to-equity ratio of 0.38. PHINIA has a 52 week low of $23.46 and a 52 week high of $46.08.
Analyst Ratings Changes
Separately, Morgan Stanley assumed coverage on PHINIA in a report on Monday, March 11th. They set an “overweight” rating and a $50.00 target price for the company.
Get Our Latest Stock Analysis on PHIN
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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