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

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 2.58%. The ex-dividend date is Friday, February 28th.

Dana has a payout ratio of 20.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Dana to earn $2.00 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 20.0%.

Dana Stock Up 0.7 %

NYSE DAN opened at $15.48 on Wednesday. The business has a fifty day moving average price of $13.83 and a 200 day moving average price of $11.55. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.86 and a current ratio of 1.45. The company has a market cap of $2.24 billion, a P/E ratio of -39.68, a P/E/G ratio of 0.72 and a beta of 2.33. Dana has a one year low of $7.58 and a one year high of $16.90.

Dana (NYSE:DAN) last released its earnings results on Thursday, February 20th. The auto parts company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.15. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.33 billion. Dana had a negative net margin of 0.55% and a positive return on equity of 6.70%. Research analysts anticipate that Dana will post 1.5 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DAN shares. Barclays boosted their price objective on 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. upped their price objective on shares of Dana from $14.00 to $20.00 and gave the company an “overweight” rating in a report on Monday, January 27th. Deutsche Bank Aktiengesellschaft upgraded shares of Dana from a “hold” rating to a “buy” rating and raised their price objective for the stock from $9.00 to $19.00 in a research report on Monday, December 9th. UBS Group boosted their target price on shares of Dana from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, Wells Fargo & Company upgraded shares of Dana from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $10.00 to $16.00 in a report on Monday, January 27th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $18.50.

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.