Dana Incorporated (DAN) To Go Ex-Dividend on May 8th

Dana Incorporated (NYSE:DAN) announced a quarterly dividend on Tuesday, April 21st. Shareholders of record on Friday, May 8th will be given a dividend of 0.12 per share by the auto parts company on Friday, May 29th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, May 8th.

Dana has raised its dividend by an average of 0.3%per year over the last three years. Dana has a payout ratio of 26.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Dana to earn $3.69 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 13.0%.

Dana Price Performance

Dana stock opened at $34.64 on Wednesday. Dana has a 52 week low of $14.16 and a 52 week high of $39.56. The company’s 50 day moving average price is $34.52 and its two-hundred day moving average price is $28.26. The stock has a market cap of $3.80 billion, a P/E ratio of 60.77 and a beta of 1.97. The company has a quick ratio of 0.86, a current ratio of 1.17 and a debt-to-equity ratio of 2.85.

Dana (NYSE:DAN) last released its earnings results on Friday, February 27th. The auto parts company reported $0.85 earnings per share (EPS) for the quarter. The company had revenue of $1.87 billion during the quarter. Dana had a negative return on equity of 3.06% and a net margin of 1.13%. On average, equities analysts predict that Dana will post 2.62 earnings per share for the current year.

About Dana

Dana Incorporated is a global leader in the design and manufacture of drivetrain, sealing, and thermal-management technologies for the automotive, commercial vehicle, off-highway and industrial markets. The company’s product portfolio includes axles, driveshafts, transmissions, e-Propulsion systems and thermal-management assemblies that help improve fuel efficiency, reduce emissions and enhance vehicle performance. Dana’s expertise spans internal combustion and electrified powertrains, positioning it to support both traditional and next-generation mobility solutions.

Founded in 1904 by Clarence W.