Dana Incorporated (DAN) To Go Ex-Dividend on August 7th

Dana Incorporated (NYSE:DAN) declared a quarterly dividend on Tuesday, July 21st. Shareholders of record on Friday, August 7th will be given a dividend of 0.12 per share by the auto parts company on Friday, August 28th. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, August 7th.

Dana has increased its dividend by an average of 0.3%per year over the last three years. Dana has a payout ratio of 26.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Dana to earn $3.36 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 14.3%.

Dana Trading Up 0.0%

DAN opened at $27.64 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.57 and a quick ratio of 1.09. Dana has a fifty-two week low of $16.19 and a fifty-two week high of $39.56. The firm has a market capitalization of $2.99 billion, a PE ratio of 2.69 and a beta of 1.99. The company’s 50-day moving average is $29.40 and its 200 day moving average is $31.99.

Dana (NYSE:DAN) last posted its earnings results on Friday, May 15th. The auto parts company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.18). Dana had a net margin of 15.12% and a return on equity of 3.56%. The company had revenue of $1.87 billion during the quarter. As a group, research analysts predict that Dana will post 2.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on DAN shares. Wall Street Zen lowered Dana from a “buy” rating to a “hold” rating in a report on Sunday, April 19th. Barclays lowered shares of Dana from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $41.00 to $33.00 in a research report on Thursday, July 2nd. Royal Bank Of Canada lowered their price target on shares of Dana from $41.00 to $33.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. Wells Fargo & Company decreased their target price on Dana from $36.00 to $33.00 and set an “equal weight” rating for the company in a research report on Friday, June 12th. Finally, Weiss Ratings downgraded Dana from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, July 6th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Dana presently has an average rating of “Hold” and an average price target of $37.00.

About Dana

Dana Incorporated is a global leader in the design and manufacture of drivetrain, sealing, and thermal-management technologies for the automotive, commercial vehicle, off-highway and industrial markets. The company’s product portfolio includes axles, driveshafts, transmissions, e-Propulsion systems and thermal-management assemblies that help improve fuel efficiency, reduce emissions and enhance vehicle performance. Dana’s expertise spans internal combustion and electrified powertrains, positioning it to support both traditional and next-generation mobility solutions.

Founded in 1904 by Clarence W.