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

Dana Incorporated (NYSE:DAN - Get Free Report) announced a quarterly dividend on Wednesday, July 23rd, RTT News reports. Stockholders of record on Friday, August 8th will be paid 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 2.46%. The ex-dividend date of this dividend is Friday, August 8th.

Dana has a dividend 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 Stock Down 0.5%

Shares of DAN traded down $0.08 during mid-day trading on Friday, reaching $16.28. The company had a trading volume of 1,467,477 shares, compared to its average volume of 2,388,073. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.85 and a current ratio of 1.43. The firm has a 50-day moving average price of $16.92 and a 200 day moving average price of $15.02. Dana has a 52 week low of $7.58 and a 52 week high of $18.05. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of -67.81, a price-to-earnings-growth ratio of 1.02 and a beta of 2.09.

Dana (NYSE:DAN - Get Free Report) last issued its quarterly earnings results 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 positive return on equity of 7.96% and a negative net margin of 0.35%. The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the prior year, the firm earned $0.02 earnings per share. The business's revenue for the quarter was down 14.0% compared to the same quarter last year. On average, sell-side analysts forecast that Dana will post 1.5 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DAN. 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 report on Thursday, June 12th. UBS Group reaffirmed a "buy" rating and issued a $23.00 price objective (up from $22.00) on shares of Dana in a research report on Monday, July 14th. Wells Fargo & Company reaffirmed a "buy" rating on shares of Dana in a research report on Thursday, June 12th. Barclays reaffirmed an "overweight" rating and issued a $25.00 price objective (up from $20.00) on shares of Dana in a research report on Thursday, June 12th. Finally, Wall Street Zen raised Dana from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Dana presently has an average rating of "Moderate Buy" and an average target price of $21.00.

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.