Table of Contents

company-logo

PHINIA Inc. develops and manufactures gasoline and diesel fuel injection components and systems. The company also sells products and services to independent aftermarket customers and original equipment service customers with new and remanufactured products. Its product portfolio includes a range of solutions covering the fuel injection, electronics and engine management, starters and alternators, maintenance, test equipment, and vehicle diagnostics categories. The company was incorporated in 2023 and is based in Auburn Hills, Michigan.

PHINIA Dividend Announcement

• PHINIA announced a quarterly dividend of $0.25 per ordinary share which will be made payable on 2024-09-13. Ex dividend date: 2024-08-23
• PHINIA annual dividend for 2024 was $0.75
• PHINIA annual dividend for 2023 was $0.50
• PHINIA's trailing twelve-month (TTM) dividend yield is 2.2%
• PHINIA's payout ratio for the trailing twelve months (TTM) is 41.12%

PHINIA Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-08-23$0.25quarterly2024-09-13
2024-05-23$0.25quarterly2024-06-14
2024-02-23$0.25quarterly2024-03-15
2023-11-30$0.25quarterly2023-12-15
2023-09-11$0.25quarterly2023-09-22

PHINIA Dividend per year

PHINIA Dividend Yield

PHINIA current trailing twelve-month (TTM) dividend yield is 2.2%. Interested in purchasing PHINIA stock? Use our calculator to estimate your expected dividend yield:

PHINIA Financial Ratios

P/E ratio17.87
PEG ratio0.20
P/B ratio1.12
ROE5.95%
Payout ratio41.12%
Current ratio1.93
Quick ratio1.46
Cash Ratio0.47

PHINIA Dividend FAQ

Does PHINIA stock pay dividends?
PHINIA does not currently pay dividends to its shareholders.
Has PHINIA ever paid a dividend?
No, PHINIA has no a history of paying dividends to its shareholders. PHINIA is not known for its dividend payments.
Why doesn't PHINIA pay dividends?
There are several potential reasons why PHINIA would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will PHINIA ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While PHINIA has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is PHINIA a dividend aristocrat?
PHINIA is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is PHINIA a dividend king?
PHINIA is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is PHINIA a dividend stock?
No, PHINIA is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy PHINIA stocks?
To buy PHINIA you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy PHINIA stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.