Dana Incorporated (NYSE:DAN) Increases Dividend to $0.12 Per Share

Dana Incorporated (NYSE:DAN) announced a quarterly dividend on Wednesday, February 11th. Stockholders of record on Friday, February 27th will be paid a dividend of 0.12 per share by the auto parts company on Friday, March 20th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, February 27th. This is a 20.0% increase from Dana’s previous quarterly dividend of $0.10.

Dana has a dividend payout ratio of 21.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Dana to earn $2.00 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 20.0%.

Dana Price Performance

DAN stock opened at $33.40 on Thursday. The business’s fifty day moving average price is $26.41 and its 200 day moving average price is $22.12. Dana has a 12-month low of $10.11 and a 12-month high of $34.05. The company has a current ratio of 1.31, a quick ratio of 0.96 and a debt-to-equity ratio of 2.23. The company has a market capitalization of $3.90 billion, a PE ratio of 74.22, a P/E/G ratio of 1.36 and a beta of 2.14.

Dana Company Profile

Dana Incorporated is a global leader in the design and manufacture of drivetrain, sealing, and thermal-management technologies for the automotive, commercial vehicle, off-highway and industrial markets. The company’s product portfolio includes axles, driveshafts, transmissions, e-Propulsion systems and thermal-management assemblies that help improve fuel efficiency, reduce emissions and enhance vehicle performance. Dana’s expertise spans internal combustion and electrified powertrains, positioning it to support both traditional and next-generation mobility solutions.

Founded in 1904 by Clarence W.