Dana Incorporated Plans Quarterly Dividend of $0.10 (NYSE:DAN)

Dana Incorporated (NYSE:DAN) declared a quarterly dividend on Wednesday, February 12th,RTT News reports. Shareholders 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 2.49%. The ex-dividend date is Friday, February 28th.

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

Shares of DAN stock opened at $16.08 on Friday. 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 capitalization of $2.33 billion, a P/E ratio of -146.19, a P/E/G ratio of 0.71 and a beta of 2.33. The company’s 50-day simple moving average is $13.20 and its two-hundred day simple moving average is $11.24. Dana has a one year low of $7.58 and a one year high of $16.86.

Wall Street Analyst Weigh In

DAN has been the topic of a number of research analyst reports. Wells Fargo & Company upgraded shares of 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 note on Monday, January 27th. UBS Group increased their price objective on shares of Dana from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Barclays increased their price objective on shares of Dana from $18.00 to $23.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th. BNP Paribas upgraded shares of Dana from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $9.00 to $16.00 in a research note on Tuesday, December 3rd. Finally, JPMorgan Chase & Co. increased their price objective 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. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Dana presently has a consensus rating of “Moderate Buy” and a consensus price target 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.