Dana Incorporated (NYSE:DAN) Declares $0.12 Quarterly Dividend

Dana Incorporated (NYSE:DAN) declared a quarterly dividend on Tuesday, July 21st. Investors of record on Friday, August 7th will be given a dividend of 0.12 per share by the auto parts company on Friday, August 28th. This represents a c) annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, August 7th.

Dana has raised its dividend payment by an average of 0.3%per year over the last three years. Dana has a payout ratio of 26.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Dana to earn $3.36 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 14.3%.

Dana Stock Performance

Shares of DAN opened at $27.39 on Wednesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.09 and a current ratio of 1.57. The stock has a 50-day moving average of $30.70 and a two-hundred day moving average of $31.90. The stock has a market cap of $2.96 billion, a P/E ratio of 2.66 and a beta of 1.99. Dana has a one year low of $15.31 and a one year high of $39.56.

Dana (NYSE:DAN) last announced its quarterly earnings data on Friday, May 15th. The auto parts company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.18). The firm had revenue of $1.87 billion during the quarter. Dana had a return on equity of 3.56% and a net margin of 15.12%. As a group, research analysts predict that Dana will post 2.07 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on DAN. Royal Bank Of Canada reduced their target price on shares of Dana from $41.00 to $33.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Wells Fargo & Company dropped their target price on Dana from $36.00 to $33.00 and set an “equal weight” rating on the stock in a report on Friday, June 12th. Zacks Research cut shares of Dana from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 16th. UBS Group dropped their price target on shares of Dana from $42.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Finally, Barclays cut Dana from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $41.00 to $33.00 in a research report on Thursday, July 2nd. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $37.00.

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.