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AUBURN HILLS, Mich. - PHINIA Inc. (NYSE:PHIN), a prominent provider of fuel systems, electrical systems, and aftermarket solutions, has announced a quarterly cash dividend of $0.27 per common share, representing an attractive 2.45% yield. The dividend is scheduled to be paid on June 16, 2025, to shareholders who are on record by the close of business on June 2, 2025. According to InvestingPro analysis, the company appears slightly undervalued based on its Fair Value assessment.
The company, known for its century-long manufacturing expertise and strong brand portfolio, including DELPHI®, DELCO REMY®, and HARTRIDGE™, employs over 12,500 people across 43 locations in 20 countries. With a market capitalization of $1.75 billion and annual revenue of $3.34 billion, PHINIA demonstrates strong financial health with a healthy current ratio of 1.85. InvestingPro subscribers can access detailed financial analysis and 12+ additional ProTips about PHINIA’s performance and outlook. Headquartered in Auburn Hills, Michigan, PHINIA’s operations span a diverse range of vehicle types and industrial applications.
PHINIA’s products are integral to the performance of combustion engines across various sectors, including commercial vehicles, off-highway construction, marine, agricultural, aerospace, and defense, as well as passenger vehicles. The company is also investing in advanced technologies to support the transition to alternative fuels and contribute to lower carbon mobility.
This dividend declaration reflects PHINIA’s ongoing commitment to delivering value to its shareholders and its position as a partner of choice in the journey toward more sustainable transportation solutions.
The announcement is based on a press release statement from PHINIA Inc.
In other recent news, Phinia Inc reported its Q1 2025 earnings, revealing an adjusted earnings per share (EPS) of $0.94, which was below the expected $1.18. The company’s revenue for the quarter stood at $796 million, marking a 7.8% decline from the previous year. Despite these results, Phinia reaffirmed its full-year 2025 guidance. The company continues to focus on organic growth and potential mergers and acquisitions, as indicated in their earnings call. Analysts from firms like BNP Paribas and UBS have been closely monitoring Phinia’s performance, noting the company’s strategic moves to navigate current market challenges. Additionally, Phinia has secured new business contracts in Brazil, China, and the Americas, which are expected to bolster its position in emerging markets. The company also highlighted its strong liquidity position, with cash and cash equivalents totaling $373 million and total liquidity of approximately $900 million. Phinia’s leadership remains confident in their long-term strategy, emphasizing the importance of their diversified global presence and innovative product development.
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