Dana Incorporated (DAN) To Go Ex-Dividend on November 7th

Dana Incorporated (NYSE:DAN) declared a quarterly dividend on Wednesday, October 22nd. Stockholders of record on Friday, November 7th will be paid a dividend of 0.10 per share by the auto parts company on Friday, November 28th. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, November 7th.

Dana has a dividend payout ratio of 21.7% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of NYSE DAN opened at $20.50 on Wednesday. The company has a debt-to-equity ratio of 2.23, a quick ratio of 1.00 and a current ratio of 1.31. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 45.55, a P/E/G ratio of 1.47 and a beta of 2.16. The business’s 50-day simple moving average is $19.98 and its 200-day simple moving average is $17.77. Dana has a 52 week low of $7.58 and a 52 week high of $22.13.

Dana (NYSE:DAN) last issued its quarterly earnings data on Wednesday, October 29th. The auto parts company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.09). The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.91 billion. Dana had a net margin of 0.64% and a return on equity of 6.35%. The business’s revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.12 EPS. Dana has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Dana will post 1.5 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO James D. Kellett sold 11,728 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $18.65, for a total value of $218,727.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.46% of the company’s stock.

Institutional Investors Weigh In On Dana

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Amalgamated Bank increased its holdings in Dana by 3.5% during the 3rd quarter. Amalgamated Bank now owns 38,337 shares of the auto parts company’s stock valued at $768,000 after purchasing an additional 1,279 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Dana during the 3rd quarter valued at $488,000. State of Tennessee Department of Treasury increased its holdings in Dana by 10.7% during the 2nd quarter. State of Tennessee Department of Treasury now owns 55,842 shares of the auto parts company’s stock valued at $958,000 after purchasing an additional 5,405 shares in the last quarter. Captrust Financial Advisors acquired a new stake in Dana during the 2nd quarter valued at $176,000. Finally, Loomis Sayles & Co. L P increased its stake in shares of Dana by 4.2% in the 2nd quarter. Loomis Sayles & Co. L P now owns 1,102,729 shares of the auto parts company’s stock valued at $18,912,000 after buying an additional 44,010 shares during the period. 96.79% of the stock is owned by institutional investors and hedge funds.

Dana Company Profile

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.