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

by · The Cerbat Gem

Dana Incorporated (NYSE:DAN – Get Free Report) 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 by an average of 58.7% annually over the last three years. Dana has a payout ratio of 28.6% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

NYSE DAN traded up $0.10 during trading hours on Thursday, hitting $10.30. The company’s stock had a trading volume of 1,258,996 shares, compared to its average volume of 1,317,122. The company’s 50 day simple moving average is $10.59 and its two-hundred day simple moving average is $11.85. The company has a market cap of $1.49 billion, a P/E ratio of 113.33, a price-to-earnings-growth ratio of 0.62 and a beta of 2.28. Dana has a 12 month low of $9.16 and a 12 month high of $15.07. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.48 and a quick ratio of 0.90.

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on DAN. Wolfe Research began coverage on Dana in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. UBS Group reduced their price target on Dana from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. StockNews.com cut Dana from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Barclays lowered 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. Finally, Wells Fargo & Company downgraded Dana from an “equal weight” rating to an “underweight” rating and cut their price objective for the company 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $13.50.

Get Our Latest Stock Analysis on DAN

About Dana

(Get Free Report)

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.

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