Dana Incorporated (NYSE:DAN) Declares $0.10 Quarterly Dividend

Key Points

• Dana Incorporated declared a quarterly dividend of $0.10 per share, with an ex-dividend date set for November 7th.
• The company reported a missed earnings estimate, with earnings of $0.05 per share compared to the consensus estimate of $0.40.
• Dana's current dividend payout ratio is 21.7%, indicating that its dividend is well-covered by its earnings.

Dana Incorporated (NYSE:DAN - Get Free Report) announced a quarterly dividend on Wednesday, October 22nd. Stockholders of record on Friday, November 7th will be given a dividend of 0.10 per share by the auto parts company on Friday, November 28th. This represents a c) annualized dividend 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. 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 Stock Down 1.1%

DAN opened at $19.63 on Thursday. The firm's 50-day simple moving average is $19.76 and its 200-day simple moving average is $17.06. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.00 and a current ratio of 1.36. Dana has a twelve month low of $7.58 and a twelve month high of $21.40. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of -122.71, a PEG ratio of 1.36 and a beta of 2.09.

Dana (NYSE:DAN - Get Free Report) last posted its earnings results on Monday, August 11th. The auto parts company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.35). Dana had a positive return on equity of 5.65% and a negative net margin of 0.26%.The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the previous year, the company posted $0.31 EPS. The firm's revenue for the quarter was down 5.5% compared to the same quarter last year. Equities research analysts anticipate that Dana will post 1.5 EPS for the current fiscal year.

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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