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

Dana Incorporated (NYSE:DAN) announced 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 2.53%.

Dana has a payout ratio of 20.6% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Down 3.2 %

NYSE:DAN opened at $15.81 on Thursday. The business’s 50 day moving average is $13.20 and its two-hundred day moving average is $11.24. The company has a quick ratio of 0.86, a current ratio of 1.49 and a debt-to-equity ratio of 1.58. Dana has a 52 week low of $7.58 and a 52 week high of $16.86.

Analysts Set New Price Targets

DAN has been the subject of a number of research reports. Wells Fargo & Company raised shares of Dana from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $10.00 to $16.00 in a report on Monday, January 27th. UBS Group increased their price objective on shares of Dana from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. JPMorgan Chase & Co. lifted their target price on Dana from $14.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. BNP Paribas raised Dana from a “neutral” rating to an “outperform” rating and upped their target price for the company from $9.00 to $16.00 in a report on Tuesday, December 3rd. Finally, Barclays raised their price target on Dana from $18.00 to $23.00 and gave the stock an “overweight” rating in a report on Tuesday, January 28th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $18.86.

About Dana

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.