Allison Transmission (ALSN) will raise its quarterly dividend by 25.0 percent to $0.15 per share. This follows a dividend hike of 100.0 percent last year, marking the first increase since ALSN initiated a dividend in 2012.

Allison Transmission Holdings is a manufacturer of fully automatic transmissions for medium- and heavy-duty commercial vehicles. Allison transmissions are used in a variety of applications including refuse, construction, fire, distribution, bus, motorhomes, defense and energy. Founded in 1915, the company is headquartered in Indianapolis, Indiana, USA. Allison has regional headquarters in the Netherlands, China and Brazil with manufacturing facilities in the U.S., Hungary and India. Allison also has independent distributor and dealer locations worldwide. The company has paid a dividend every year since 2012.