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

Dana Incorporated (NYSE:DAN) declared a quarterly dividend on Wednesday, October 22nd. Shareholders of record on Friday, November 7th will be paid a dividend of 0.10 per share by the auto parts company on Friday, November 28th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, November 7th.

Dana has a dividend payout ratio of 21.7% indicating that its dividend is sufficiently covered by earnings. 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 Trading Down 1.1%

Shares of DAN stock opened at $19.63 on Thursday. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.36 and a quick ratio of 1.00. The firm has a market cap of $2.57 billion, a PE ratio of -122.71, a price-to-earnings-growth ratio of 1.36 and a beta of 2.09. The company has a 50-day moving average of $19.76 and a two-hundred day moving average of $17.06. Dana has a 1-year low of $7.58 and a 1-year high of $21.40.

Dana (NYSE:DAN) last issued its quarterly earnings results on Monday, August 11th. The auto parts company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.35). The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $2.55 billion. Dana had a positive return on equity of 5.65% and a negative net margin of 0.26%.The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.31 EPS. On average, analysts predict that Dana will post 1.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DAN. Cfra Research raised shares of Dana from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, August 5th. Wells Fargo & Company reduced their price target on shares of Dana from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Friday, October 3rd. Royal Bank Of Canada increased their price target on shares of Dana from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 2nd. Barclays increased their price target on shares of Dana from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, October 10th. Finally, UBS Group reaffirmed a “buy” rating and issued a $23.00 target price (up previously from $22.00) on shares of Dana in a report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Dana currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.57.

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.