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

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 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Friday, February 28th.

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

DAN stock opened at $15.48 on Wednesday. The company has a market capitalization of $2.24 billion, a P/E ratio of -39.68, a price-to-earnings-growth ratio of 0.72 and a beta of 2.33. Dana has a 12 month low of $7.58 and a 12 month high of $16.90. The firm’s fifty day simple moving average is $13.83 and its 200-day simple moving average is $11.55. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.45 and a quick ratio of 0.86.

Dana (NYSE:DAN) last posted its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.10 by $0.15. The company 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%. As a group, equities research analysts forecast that Dana will post 1.5 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DAN. UBS Group lifted their price target on Dana from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Royal Bank of Canada lifted their target price on shares of Dana from $13.00 to $16.00 and gave the company a “sector perform” rating in a report on Friday, February 21st. Barclays increased their price target on shares of Dana from $18.00 to $23.00 and gave the stock an “overweight” rating in a report on Tuesday, January 28th. BNP Paribas upgraded shares of Dana from a “neutral” rating to an “outperform” rating and raised their price target for the company from $9.00 to $16.00 in a research report on Tuesday, December 3rd. Finally, StockNews.com upgraded shares of Dana from a “hold” rating to a “buy” rating in a research report on Monday. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, 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.