Allegion plc ALLE is benefiting from strong operational performance owing to steady demand across its end markets despite lower volumes in the mechanical portfolio, cost inflation and forex woes. The buyout expanded Allegion’s Interflex portfolio and AWFM business with new capabilities in SaaS models and recurring revenue solutions. In February 2023, Allegion announced a 10% hike in its quarterly dividend rate, which now stands at 45 cents per share.