Dana Incorporated (DAN) To Go Ex-Dividend on November 6th

Dana Incorporated (NYSE:DAN) announced a quarterly dividend on Tuesday, October 20th. Stockholders of record on Friday, November 6th will be given a dividend of $0.12 per share by the auto parts company on Friday, November 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, November 6th.

Dana has raised its dividend payment by an average of 0.3% annually over the last three years. Dana has a payout ratio of 26.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Dana to earn $3.64 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 13.2%.

Dana Stock Performance

Shares of DAN opened at $23.57 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 0.78 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $2.35 billion, a P/E ratio of 2.47 and a beta of 2.14. The firm’s fifty day simple moving average is $28.63 and its two-hundred day simple moving average is $31.06. Dana has a 12 month low of $18.95 and a 12 month high of $39.56.

Dana (NYSE:DAN) last released its quarterly earnings data on Wednesday, October 28th. The auto parts company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.28). The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.97 billion. Dana had a net margin of 13.45% and a return on equity of 5.03%. The business’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.07 EPS. As a group, analysts predict that Dana will post 1.81 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DAN. Royal Bank Of Canada lowered their price target on Dana from $37.00 to $32.00 and set an “outperform” rating on the stock in a research report on Thursday, October 29th. Weiss Ratings cut Dana from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. UBS Group reduced their price objective on Dana from $36.00 to $34.00 and set a “buy” rating on the stock in a research report on Thursday, October 29th. Wells Fargo & Company decreased their price objective on Dana from $33.00 to $28.00 and set an “equal weight” rating on the stock in a report on Friday, August 7th. Finally, Zacks Research downgraded Dana from a “hold” rating to a “strong sell” rating in a research report on Friday, October 16th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $35.00.

Dana Company Profile

Dana Incorporated (NYSE: DAN) is a global supplier of drivetrain, motion, and thermal-management technologies for the automotive, commercial-vehicle, and off-highway industries. The company develops systems that help vehicles transmit power, manage heat, and operate efficiently across conventional, hybrid, and electric powertrains.

Dana’s products include axles, driveshafts, gearboxes, transmissions, sealing solutions, thermal-management systems, and components for electrified propulsion.