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

Dana Incorporated (NYSE:DAN) declared a quarterly dividend on Wednesday, April 24th, Zacks reports. Shareholders of record on Friday, May 10th will be given a dividend of 0.10 per share by the auto parts company on Friday, May 31st. This represents a $0.40 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend is Thursday, May 9th.

Dana has increased its dividend payment by an average of 58.7% annually over the last three years.

Dana Stock Down 2.1 %

Dana stock opened at $12.24 on Friday. The stock has a market cap of $1.77 billion, a P/E ratio of 47.06, a P/E/G ratio of 0.36 and a beta of 2.49. The company has a quick ratio of 0.93, a current ratio of 1.58 and a debt-to-equity ratio of 1.59. Dana has a twelve month low of $11.10 and a twelve month high of $19.75. The company’s 50-day moving average price is $12.36 and its two-hundred day moving average price is $13.01.

Dana (NYSE:DAN) last announced its earnings results on Tuesday, February 20th. The auto parts company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.06). Dana had a return on equity of 7.37% and a net margin of 0.36%. The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.58 billion. During the same quarter in the previous year, the company earned ($0.10) EPS. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. As a group, analysts expect that Dana will post 0.99 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on DAN shares. JPMorgan Chase & Co. reduced their price target on shares of Dana from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, February 26th. Barclays reduced their price target on shares of Dana from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 28th. Finally, Wells Fargo & Company reduced their price target on shares of Dana from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 21st. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $16.43.

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.