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MAUMEE, Ohio – Dana Incorporated (NYSE: DAN), a global leader in propulsion and energy-management solutions, has announced a quarterly dividend of $0.10 per share, maintaining its 13-year streak of consistent dividend payments. With a current yield of 2.45%, the payment, set for March 21, 2025, will be distributed to shareholders of record as of February 28.
The company, with a presence in 31 countries and employing 42,000 people, reported a revenue of $10.6 billion in 2023. According to InvestingPro data, Dana’s stock has shown remarkable momentum with a 63% return over the past six months, while maintaining a healthy liquidity position with a current ratio of 1.49. Dana’s extensive portfolio includes drive and motion systems, electrodynamic technologies with accompanying software and controls, and various thermal and sealing solutions. Their products serve a wide range of mobility markets around the world.
Dana’s commitment to ethical business practices and corporate responsibility has been recognized with accolades such as being named one of the "World’s Most Ethical Companies" in 2023 by Ethisphere and one of "America’s Most Responsible Companies 2024" by Newsweek. The company prides itself on a culture that fosters innovation, responsible growth, and collective success.
This dividend announcement follows Dana’s tradition of providing returns to its investors and reflects the company’s financial health and outlook. With analyst price targets ranging from $13 to $23 per share, InvestingPro subscribers can access 12 additional exclusive insights and a comprehensive Pro Research Report that provides deep-dive analysis of Dana’s financial position and growth prospects. Dana’s stockholders can anticipate the receipt of their dividends by the end of March.
The information for this report is based on a press release statement from Dana Incorporated.
In other recent news, Dana Holding (NYSE:DAN) has been a subject of interest for analysts from UBS and CFRA. UBS analyst Joseph Spak raised the price target for Dana Holding to $20, maintaining a Buy rating, following Dana’s announcement of greater cost savings than initially expected. Meanwhile, CFRA analyst Garrett Nelson increased the price target for Dana Holding to $10, maintaining a Sell rating.
Dana Holding also unveiled preliminary results for the year 2024 and issued its initial outlook for 2025, with sales projections of $9.525 to $10.025 billion and adjusted EBITDA of $925 to $1,025 million. Additionally, Dana reported sales of approximately $10.3 billion for 2024, a slight decrease from $10.6 billion in 2023, attributed to weaker market demand across several vehicle categories.
The company also announced significant changes to its board composition, with the appointment of Brett Icahn and Christian Garcia as new members of Dana’s board of directors. This strategic move reflects Dana’s willingness to adapt its leadership structure in response to shareholder input.
These recent developments highlight Dana Holding’s ongoing efforts to improve its financial performance and adapt to changing market conditions.
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