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Allison Transmission Declares Quarterly Dividend

INDIANAPOLIS, May 12, 2016 /PRNewswire/ -- Allison Transmission Holdings Inc. ALSN, -1.18% the largest global provider of commercial-duty fully automatic transmissions, today announced 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 2016. Payment will be made on June 3, 2016, to stockholders of record at the close of business on May 23, 2016.

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 ALSN, -1.18% 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 2,700 people worldwide. With a market presence in more than 80 countries, Allison has regional headquarters in the Netherlands, China...