Allison Transmission Holdings Inc. announced that its Board of Directors has approved an increase in the Company?s quarterly dividend from $0.23 to $0.25 per share on the Company?s common stock and has declared a cash dividend of $0.25 per share on the Company?s common stock for the first quarter of 2024. Payment will be made on March 15, to stockholders of record at the close of business on March 4.