Dana Incorporated (DAN) Plans Quarterly Dividend of $0.06
Dana Incorporated (NYSE:DAN) declared a quarterly dividend on Wednesday, October 25th, NASDAQ reports. Investors of record on Friday, November 10th will be paid a dividend of 0.06 per share by the auto parts company on Friday, December 1st. This represents a $0.24 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Thursday, November 9th.
Dana has increased its dividend by an average of 14.5% per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Dana has a payout ratio of 10.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Dana to earn $2.67 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 9.0%.
Dana (DAN) opened at $31.34 on Friday. The stock has a market capitalization of $4.54 billion, a P/E ratio of 12.60 and a beta of 1.64. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 1.36.
Dana (NYSE:DAN) last released its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.03. Dana had a return on equity of 29.34% and a net margin of 10.27%. The company had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter in the prior year, the business posted $0.49 earnings per share. The company’s revenue for the quarter was up 32.3% compared to the same quarter last year. equities analysts anticipate that Dana will post 2.43 earnings per share for the current year.
Several analysts have recently weighed in on DAN shares. Zacks Investment Research lowered Dana from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 17th. Susquehanna Bancshares Inc lowered Dana from a “neutral” rating to a “negative” rating and set a $19.00 price objective for the company. in a report on Thursday, July 13th. BidaskClub upgraded Dana from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 19th. UBS Group AG (USA) lowered Dana to a “neutral” rating in a report on Thursday, July 13th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $27.00 price objective on shares of Dana in a report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $27.00.
In related news, Director Terrence J. Keating sold 2,321 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $29.62, for a total transaction of $68,748.02. Following the transaction, the director now directly owns 52,140 shares of the company’s stock, valued at $1,544,386.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Rodney R. Filcek sold 3,292 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $30.18, for a total value of $99,352.56. Following the transaction, the senior vice president now directly owns 50,251 shares in the company, valued at $1,516,575.18. The disclosure for this sale can be found here. Insiders have sold 59,759 shares of company stock worth $1,773,750 over the last three months. 1.60% of the stock is owned by insiders.
Dana Company Profile
Dana Incorporated, formerly Dana Holding Corporation, is a global provider of technology driveline, sealing and thermal-management products. The Company operates in four segments: Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies.
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