INDIANAPOLIS, May 11, 2017 /PRNewswire/ -- Allison
Transmission Holdings Inc. (NYSE: ALSN), the world's largest manufacturer of commercial-duty fully automatic transmissions,
announced today that its board of directors declared a cash dividend of $0.15 per share on the
Company's common stock for the second quarter of 2017. Payment will be made on May 26, 2017, to
stockholders of record at the close of business on May 22, 2017.
The payment of any future dividends will be at the discretion of the board of directors and will be dependent upon Allison
Transmission's financial position, results of operations, available cash, cash flow, capital requirements and other factors
deemed relevant by the board of directors.
About Allison Transmission
Allison Transmission (NYSE: ALSN) is the world's largest manufacturer of fully automatic transmissions for medium- and
heavy-duty commercial vehicles and is a leader in hybrid-propulsion systems for city buses. 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 and employs approximately 2,600
people worldwide. With a market presence in more than 80 countries, Allison has regional headquarters in the Netherlands, China and Brazil with
manufacturing facilities in the U.S., Hungary and India.
Allison also has approximately 1,400 independent distributor and dealer locations worldwide. For more information, visit
allisontransmission.com.
Forward-Looking Statements
This press release contains forward-looking statements. All statements other than statements of historical fact
contained in this press release are forward-looking statements, including all statements regarding future financial results. In
some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plans,"
"project," "anticipate," "believe," "estimate," "predict," "intend," "forecast," "could," "potential," "continue" or the negative
of these terms or other similar terms or phrases. Forward-looking statements are not guarantees of future performance and involve
known and unknown risks. Factors which may cause the actual results to differ materially from those anticipated at the time the
forward-looking statements are made include, but are not limited to: risks related to our substantial indebtedness; uncertainty
in the global regulatory and business environments in which we operate; our participation in markets that are competitive; the
highly cyclical industries in which certain of our end users operate; the failure of markets outside North America to increase adoption of fully-automatic transmissions; the concentration of our net sales in
our top five customers and the loss of any one of these; future reductions or changes in government subsidies for hybrid vehicles
and other external factors impacting demand; U.S. defense spending; general economic and industry conditions; the discovery of
defects in our products, resulting in delays in new model launches, recall campaigns and/or increased warranty costs and
reduction in future sales or damage to our brand and reputation; our ability to prepare for, respond to and successfully achieve
our objectives relating to technological and market developments, competitive threats and changing customer needs; risks
associated with our international operations; labor strikes, work stoppages or similar labor disputes, which could significantly
disrupt our operations or those of our principal customers; our intention to pay dividends and repurchase shares of our common
stock and other risks and uncertainties associated with our business described in our Annual Report on Form 10-K, Quarterly
Reports on Form 10-Q and Current Reports on Form 8-K. Although we believe the expectations reflected in such forward-looking
statements are based upon reasonable assumptions, we can give no assurance that the expectations will be attained or that any
deviation will not be material. All information is as of the date of this press release, and we undertake no obligation to update
any forward-looking statement to conform the statement to actual results or changes in expectations.
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SOURCE Allison Transmission Holdings Inc.