Dana Inc Announces Quarterly Dividend of $0.10 (NYSE:DAN)

Dana Inc (NYSE:DAN) announced a quarterly dividend on Tuesday, October 22nd, Zacks reports. Shareholders of record on Friday, November 8th will be paid a dividend of 0.10 per share by the auto parts company on Friday, November 29th. This represents a $0.40 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Thursday, November 7th.

Shares of NYSE:DAN traded up $0.13 during trading on Wednesday, hitting $17.50. 315,598 shares of the stock traded hands, compared to its average volume of 1,363,673. The company has a quick ratio of 1.03, a current ratio of 1.64 and a debt-to-equity ratio of 1.32. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 5.89, a P/E/G ratio of 1.76 and a beta of 2.23. The company has a fifty day moving average price of $15.17 and a two-hundred day moving average price of $16.17. Dana has a 52-week low of $11.57 and a 52-week high of $20.96.

Dana (NYSE:DAN) last posted its earnings results on Wednesday, October 30th. The auto parts company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.01. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.16 billion. Dana had a net margin of 2.80% and a return on equity of 26.97%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.77 EPS. On average, equities research analysts predict that Dana will post 3.09 EPS for the current fiscal year.

Several equities analysts have recently weighed in on the stock. UBS Group cut their target price on shares of Dana from $22.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, September 12th. ValuEngine lowered shares of Dana from a “sell” rating to a “strong sell” rating in a report on Saturday, October 19th. Barclays cut their price target on shares of Dana from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, September 12th. KeyCorp cut their price target on shares of Dana from $22.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, September 12th. Finally, Bank of America raised shares of Dana from a “neutral” rating to a “buy” rating in a report on Friday, September 13th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $20.75.

In other news, EVP Mark E. Wallace sold 44,570 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $13.41, for a total transaction of $597,683.70. Following the transaction, the executive vice president now owns 145,431 shares of the company’s stock, valued at approximately $1,950,229.71. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Dwayne Matthews sold 35,000 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $17.70, for a total transaction of $619,500.00. Following the transaction, the insider now directly owns 105,564 shares in the company, valued at approximately $1,868,482.80. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

Dana Company Profile

Dana Incorporated provides drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products to vehicle and engine manufacturer in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Drive and Motion Technologies, and Power Technologies.

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Dividend History for Dana (NYSE:DAN)

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