Dana Incorporated (DAN) To Go Ex-Dividend on February 28th

Dana Incorporated (NYSE:DAN) announced a quarterly dividend on Wednesday, February 12th,RTT News reports. Stockholders of record on Friday, February 28th will be paid a dividend of 0.10 per share by the auto parts company on Friday, March 21st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend is Friday, February 28th.

Dana has a payout ratio of 20.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Dana to earn $1.50 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 26.7%.

Dana Trading Up 1.8 %

Shares of DAN stock opened at $16.08 on Friday. Dana has a 1 year low of $7.58 and a 1 year high of $16.86. The firm has a fifty day moving average price of $13.20 and a 200-day moving average price of $11.24. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.49 and a quick ratio of 0.86. The company has a market cap of $2.33 billion, a price-to-earnings ratio of -146.19, a PEG ratio of 0.71 and a beta of 2.33.

Analyst Ratings Changes

Several analysts have commented on the stock. BNP Paribas upgraded shares of Dana from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $9.00 to $16.00 in a research note on Tuesday, December 3rd. Barclays boosted their price target on shares of Dana from $18.00 to $23.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. boosted their price target on shares of Dana from $14.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Deutsche Bank Aktiengesellschaft upgraded shares of Dana from a “hold” rating to a “buy” rating and boosted their price target for the stock from $9.00 to $19.00 in a research note on Monday, December 9th. Finally, UBS Group boosted their price target on shares of Dana from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $18.86.

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.