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

Dana Incorporated (NYSE:DAN) declared a quarterly dividend on Wednesday, February 12th,RTT News reports. Investors 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 yield of 2.53%.

Dana has a payout ratio of 20.6% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of NYSE:DAN opened at $15.81 on Thursday. The business has a 50-day moving average of $13.20 and a two-hundred day moving average of $11.24. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.86 and a current ratio of 1.49. Dana has a 12 month low of $7.58 and a 12 month high of $16.86.

Analyst Upgrades and Downgrades

DAN has been the topic of several research reports. UBS Group raised their price target on shares of Dana from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, January 27th. JPMorgan Chase & Co. raised their target price on shares of Dana from $14.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. Deutsche Bank Aktiengesellschaft raised shares of Dana from a “hold” rating to a “buy” rating and upped their price target for the stock from $9.00 to $19.00 in a research report on Monday, December 9th. BNP Paribas raised Dana from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $9.00 to $16.00 in a research report on Tuesday, December 3rd. Finally, Wells Fargo & Company raised Dana from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $10.00 to $16.00 in a research report on Monday, January 27th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $18.86.

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.