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

Dana Incorporated (NYSE:DAN - Get Free Report) declared a quarterly dividend on Wednesday, April 24th, Zacks reports. Investors of record on Friday, May 10th will be paid a dividend of 0.10 per share by the auto parts company on Friday, May 31st. This represents a $0.40 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend is Thursday, May 9th.

Dana has raised its dividend by an average of 58.7% annually over the last three years.

Dana Stock Up 1.9 %

DAN traded up $0.23 on Friday, reaching $12.48. The company's stock had a trading volume of 1,284,626 shares, compared to its average volume of 1,247,674. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 48.00, a price-to-earnings-growth ratio of 0.36 and a beta of 2.49. Dana has a 1 year low of $11.10 and a 1 year high of $19.75. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.58 and a quick ratio of 0.93. The business's 50 day moving average is $12.36 and its 200 day moving average is $13.01.

Dana (NYSE:DAN - Get Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The auto parts company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.06). Dana had a net margin of 0.36% and a return on equity of 7.37%. The firm had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.58 billion. During the same quarter in the previous year, the company earned ($0.10) EPS. The company's quarterly revenue was down 2.4% compared to the same quarter last year. As a group, research analysts forecast that Dana will post 0.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DAN shares. JPMorgan Chase & Co. dropped their price target on Dana from $19.00 to $18.00 and set an "overweight" rating on the stock in a research report on Monday, February 26th. Wells Fargo & Company dropped their price target on Dana from $14.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 21st. Finally, Barclays dropped their price target on Dana from $16.00 to $15.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 28th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Dana has a consensus rating of "Hold" and a consensus price target of $16.43.

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.