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

Dana Incorporated (NYSE:DAN) declared a quarterly dividend on Wednesday, July 24th, NASDAQ reports. Stockholders of record on Friday, August 9th will be given a dividend of 0.10 per share by the auto parts company on Friday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date of this dividend is Friday, August 9th.

Dana has increased its dividend by an average of 58.7% annually over the last three years. Dana has a payout ratio of 27.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Dana to earn $1.85 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 21.6%.

Dana Price Performance

Dana stock opened at $10.48 on Thursday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.97 and a current ratio of 1.48. Dana has a 52 week low of $10.24 and a 52 week high of $17.94. The stock has a market capitalization of $1.52 billion, a P/E ratio of 116.44 and a beta of 2.33. The stock has a fifty day moving average of $12.33 and a 200-day moving average of $12.71.

Dana (NYSE:DAN) 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 during the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter in the previous year, the firm earned $0.37 EPS. Dana’s revenue was down .4% on a year-over-year basis. On average, sell-side analysts expect that Dana will post 1.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Oppenheimer boosted their price objective on Dana from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. reduced their price objective on Dana from $18.00 to $17.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. UBS Group reduced their price objective on Dana from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. Barclays boosted their price objective on Dana from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Finally, Wells Fargo & Company upped their price target on Dana from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Dana has a consensus rating of “Moderate Buy” and an average target price of $15.20.

About Dana

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.