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MAUMEE, Ohio - Dana Incorporated (NYSE:DAN) announced Wednesday that its board of directors has declared a quarterly dividend of $0.10 per share on its common stock.
The dividend will be payable on August 29, 2025, to shareholders of record as of August 8, according to a press release statement from the company.
Dana, headquartered in Maumee, Ohio, is a manufacturer of propulsion and energy-management solutions for vehicles and machines across global mobility markets. The company reported sales of $10.3 billion in 2024 and employs approximately 39,000 people across 30 countries on six continents.
The company, which traces its history back to 1904, designs and manufactures drive and motion systems, electrodynamic technologies, and thermal, sealing, and digital solutions for vehicle manufacturers.
In other recent news, Dana Inc. reported its first-quarter 2025 earnings, revealing revenue of $2.4 billion, which surpassed the expected $2.3 billion. However, the company fell short of earnings per share forecasts, posting $0.13 compared to the anticipated $0.16. Additionally, Dana has agreed to sell its off-highway business to Allison Transmission Holdings for $2.7 billion. S&P Global Ratings placed Dana on CreditWatch positive following this agreement, anticipating improved credit metrics due to debt reduction plans. UBS raised its price target for Dana to $22, citing potential margin improvements and a positive outlook after the deal announcement. BNP Paribas Exane reiterated an outperform rating, emphasizing the sale as a catalyst for better shareholder returns. RBC Capital Markets upgraded Dana’s rating to Outperform and increased its price target to $20, reflecting confidence in the off-highway sale’s positive impact. These developments highlight significant shifts and strategic moves within Dana Inc.
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