Dana Incorporated (DAN) to Issue Quarterly Dividend of $0.12 on August 28th

Dana Incorporated (NYSE:DAN) announced a quarterly dividend on Tuesday, July 21st. Shareholders of record on Friday, August 7th will be given 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 1.7%. The ex-dividend date of this dividend is Friday, August 7th.

Dana has increased its dividend payment by an average of 0.3%per year over the last three years. Dana has a dividend payout ratio of 26.1% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Up 2.2%

NYSE DAN opened at $28.04 on Thursday. Dana has a 12 month low of $15.31 and a 12 month high of $39.56. The company has a current ratio of 1.57, a quick ratio of 1.09 and a debt-to-equity ratio of 0.61. The stock’s fifty day moving average price is $30.58 and its 200-day moving average price is $31.93. The stock has a market cap of $3.04 billion, a P/E ratio of 2.73 and a beta of 1.99.

Dana (NYSE:DAN) last posted its quarterly 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). Dana had a return on equity of 3.56% and a net margin of 15.12%.The company had revenue of $1.87 billion during the quarter. As a group, equities analysts forecast that Dana will post 2.07 EPS for the current fiscal year.

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.