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

Dana Incorporated (NYSE:DAN) declared a quarterly dividend on Tuesday, April 21st. Stockholders of record on Friday, May 8th will be paid a dividend of 0.12 per share by the auto parts company on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, May 8th.

Dana has increased its dividend payment by an average of 0.3%per year over the last three years. Dana has a dividend payout ratio of 26.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Dana to earn $3.44 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 14.0%.

Dana Price Performance

Shares of NYSE DAN opened at $37.86 on Wednesday. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 66.42 and a beta of 2.05. The business has a 50-day moving average of $33.94 and a 200-day moving average of $27.21. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.17 and a quick ratio of 0.86. Dana has a fifty-two week low of $11.41 and a fifty-two week high of $38.49.

Dana (NYSE:DAN) last announced its quarterly earnings data on Friday, February 27th. The auto parts company reported $0.85 earnings per share 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%. As a group, sell-side analysts predict that Dana will post 2.66 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DAN has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $36.00 price objective on shares of Dana in a report on Thursday, January 22nd. Barclays raised their price objective on Dana from $32.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, March 30th. UBS Group raised their price objective on Dana from $40.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Wells Fargo & Company raised their price objective on Dana from $30.00 to $35.00 and gave the company an “equal weight” rating in a report on Thursday, February 19th. Finally, Wall Street Zen cut Dana from a “buy” rating to a “hold” rating in a report on Sunday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Dana currently has a consensus rating of “Moderate Buy” and an average target price of $37.00.

Dana Company Profile

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.