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

Dana Incorporated (NYSE:DAN) declared a quarterly dividend on Wednesday, October 23rd, NASDAQ reports. Stockholders of record on Friday, November 8th will be paid a dividend of 0.10 per share by the auto parts company on Friday, November 29th. This represents a $0.40 annualized dividend and a dividend yield of 3.88%. The ex-dividend date of this dividend is Friday, November 8th.

Dana has raised its dividend payment by an average of 58.7% per year over the last three years. Dana has a dividend payout ratio of 28.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Dana to earn $1.63 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 24.5%.

Dana Price Performance

Shares of Dana stock traded up $0.10 during trading on Thursday, reaching $10.30. The company’s stock had a trading volume of 1,258,996 shares, compared to its average volume of 1,317,122. Dana has a one year low of $9.16 and a one year high of $15.07. The stock has a 50-day moving average price of $10.59 and a two-hundred day moving average price of $11.85. The company has a current ratio of 1.48, a quick ratio of 0.90 and a debt-to-equity ratio of 1.55. The stock has a market capitalization of $1.49 billion, a P/E ratio of 114.44, a price-to-earnings-growth ratio of 0.62 and a beta of 2.28.

Dana (NYSE:DAN) last posted its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.07. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.76 billion. Dana had a positive return on equity of 4.98% and a negative net margin of 0.01%. The business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.37 EPS. As a group, sell-side analysts anticipate that Dana will post 0.95 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on DAN shares. StockNews.com lowered shares of Dana from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Barclays dropped their price objective on Dana from $16.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $12.00 target price on shares of Dana in a research note on Tuesday, September 10th. UBS Group reduced their price target on shares of Dana from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Finally, Wells Fargo & Company cut Dana from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $13.00 to $9.00 in a report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $13.50.

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.