Dana Incorporated (NYSE:DAN – Get Free Report) announced a quarterly dividend on Wednesday, April 24th, Zacks reports. Investors of record on Friday, May 10th will be paid a dividend of 0.10 per share by the auto parts company on Friday, May 31st. This represents a $0.40 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Thursday, May 9th.
Dana has raised its dividend by an average of 58.7% per year over the last three years.
Dana Stock Performance
Shares of NYSE DAN traded up $0.13 during midday trading on Friday, reaching $12.37. The company’s stock had a trading volume of 23,769 shares, compared to its average volume of 1,231,959. Dana has a 12-month low of $11.10 and a 12-month high of $19.75. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.58 and a quick ratio of 0.93. The firm has a 50 day moving average price of $12.36 and a 200-day moving average price of $13.01. The stock has a market capitalization of $1.79 billion, a P/E ratio of 47.06, a PEG ratio of 0.36 and a beta of 2.49.
Analyst Ratings Changes
Several equities research analysts recently weighed in on DAN shares. Wells Fargo & Company reduced their price target on shares of Dana from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 21st. Barclays reduced their target price on shares of Dana from $16.00 to $15.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 28th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Dana from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, February 26th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Dana presently has a consensus rating of “Hold” and an average target price of $16.43.
Read Our Latest Stock Analysis on Dana
About Dana
Dana Incorporated, together with its subsidiaries, provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. The company operates through four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies.
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