Dana Incorporated (DAN) To Go Ex-Dividend on May 8th

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

Dana has raised its dividend by an average of 0.3%annually 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 Trading Up 0.2%

Dana stock opened at $37.96 on Thursday. The company has a current ratio of 1.17, a quick ratio of 0.86 and a debt-to-equity ratio of 2.85. Dana has a 12 month low of $11.98 and a 12 month high of $38.60. The stock’s 50 day simple moving average is $34.03 and its two-hundred day simple moving average is $27.28. The firm has a market cap of $4.16 billion, a PE ratio of 66.60 and a beta of 2.05.

Dana (NYSE:DAN) last released its quarterly earnings data on Friday, February 27th. The auto parts company reported $0.85 EPS for the quarter. Dana had a negative return on equity of 3.06% and a net margin of 1.13%.The business had revenue of $1.87 billion for the quarter. Analysts anticipate that Dana will post 2.66 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Wall Street Zen lowered Dana from a “buy” rating to a “hold” rating in a research report on Sunday. Weiss Ratings upgraded Dana from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, March 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $36.00 price objective on shares of Dana in a research report on Thursday, January 22nd. UBS Group upped their price objective on Dana from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. Finally, Barclays upped their price objective on Dana from $32.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, March 30th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.