Dana Incorporated (NYSE:DAN – Get Free Report) announced 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 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 NYSE DAN opened at $10.30 on Friday. The stock’s 50-day moving average is $10.58 and its two-hundred day moving average is $11.84. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.48 and a quick ratio of 0.90. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 114.44, a price-to-earnings-growth ratio of 0.62 and a beta of 2.28. Dana has a 1-year low of $9.16 and a 1-year high of $15.07.
Analysts Set New Price Targets
DAN has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $12.00 target price on shares of Dana in a research note on Tuesday, September 10th. JPMorgan Chase & Co. dropped their target price on shares of Dana from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday. StockNews.com cut shares of Dana from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Barclays cut their target price on shares of Dana from $16.00 to $14.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. Finally, UBS Group decreased their price target on shares of Dana from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. One investment 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. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $13.50.
Check Out Our Latest Stock Analysis on Dana
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.
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