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.
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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