Dana Incorporated Plans Quarterly Dividend of $0.12 (NYSE:DAN)

Dana Incorporated (NYSE:DAN) declared a quarterly dividend on Tuesday, July 21st. Shareholders of record on Friday, August 7th will be paid a dividend of 0.12 per share by the auto parts company on Friday, August 28th. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, August 7th.

Dana has raised its dividend by an average of 0.3%annually over the last three years. Dana has a payout ratio of 26.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Dana to earn $3.36 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 14.3%.

Dana Price Performance

DAN stock opened at $27.39 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.57 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 2.66 and a beta of 1.99. The stock’s fifty day simple moving average is $30.70 and its 200-day simple moving average is $31.90. Dana has a 52-week low of $15.31 and a 52-week high of $39.56.

Dana (NYSE:DAN) last released its earnings results on Friday, May 15th. The auto parts company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.18). The company had revenue of $1.87 billion during the quarter. Dana had a return on equity of 3.56% and a net margin of 15.12%. Equities research analysts expect that Dana will post 2.07 EPS for the current year.

Wall Street Analyst Weigh In

DAN has been the topic of a number of recent research reports. Barclays cut shares of Dana from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $41.00 to $33.00 in a research report on Thursday, July 2nd. Royal Bank Of Canada lowered their target price on Dana from $41.00 to $33.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. Wells Fargo & Company dropped their target price on Dana from $36.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Friday, June 12th. UBS Group cut their price target on Dana from $42.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Finally, Wall Street Zen downgraded Dana from a “buy” rating to a “hold” rating in a report on Sunday, April 19th. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Dana currently has an average rating of “Hold” and a consensus price target of $37.00.

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.