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

Dana Incorporated (NYSE:DAN) 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.

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 the consensus estimate of $0.24 by $0.07. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Dana had a negative net margin of 0.01% and a positive return on equity of 4.98%. The firm’s revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.37 EPS. Analysts forecast that Dana will post 0.95 EPS for the current fiscal year.

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.

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.