Dana Incorporated to Issue Quarterly Dividend of $0.10 (NYSE:DAN)

Dana Incorporated (NYSE:DAN - Get Free Report) announced a quarterly dividend on Wednesday, July 23rd, RTT News reports. Investors of record on Friday, August 8th will be given a dividend of 0.10 per share by the auto parts company on Friday, August 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date is Friday, August 8th.

Dana has a payout ratio of 21.7% meaning 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 Trading Down 0.9%

NYSE:DAN traded down $0.14 during mid-day trading on Friday, reaching $16.21. The company's stock had a trading volume of 646,563 shares, compared to its average volume of 1,892,178. Dana has a twelve month low of $7.58 and a twelve month high of $18.05. The company's fifty day simple moving average is $16.92 and its two-hundred day simple moving average is $14.97. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.43 and a quick ratio of 0.85. The stock has a market cap of $2.36 billion, a P/E ratio of -67.43, a P/E/G ratio of 1.04 and a beta of 2.09.

Dana (NYSE:DAN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The auto parts company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.04). Dana had a negative net margin of 0.35% and a positive return on equity of 7.96%. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period in the prior year, the company earned $0.02 EPS. The company's revenue was down 14.0% compared to the same quarter last year. On average, equities analysts predict that Dana will post 1.5 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $24.00 price objective (up from $20.00) on shares of Dana in a research note on Thursday, June 12th. Wells Fargo & Company restated a "buy" rating on shares of Dana in a report on Thursday, June 12th. JPMorgan Chase & Co. lowered their price target on Dana from $24.00 to $23.00 and set an "overweight" rating for the company in a report on Monday. Barclays reiterated an "overweight" rating and issued a $25.00 price target (up from $20.00) on shares of Dana in a report on Thursday, June 12th. Finally, UBS Group reiterated a "buy" rating and issued a $23.00 price target (up from $22.00) on shares of Dana in a report on Monday, July 14th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $21.00.

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.