Dana to Pay Dividend on Common Stock

Rhea-AI Summary

Dana Incorporated (NYSE: DAN) has announced a quarterly dividend of $0.10 per share, set to be paid on March 24, 2023, for stockholders on record as of March 3, 2023. This decision reflects the company's commitment to returning value to shareholders amidst its focus on sustainable progress and innovation in energy-management solutions. In 2021, Dana reported sales of $8.9 billion and has garnered recognition as one of "America's Most Responsible Companies 2023" by Newsweek. The company's operations span across 31 countries, with a workforce of approximately 40,000 employees.

Positive

• Quarterly dividend of $0.10 per share enhances shareholder value.
• Recognition as one of America's Most Responsible Companies indicates strong corporate responsibility and sustainability efforts.

Negative

• None.

MAUMEE, Ohio, Feb. 15, 2023 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that its board of directors has declared a dividend on its common stock.  

Dana to Pay Dividend on Common Stock

The board declared a quarterly dividend of $0.10 per share, payable March 24, 2023, to holders of Dana common stock as of March 3.

About Dana Incorporated
Dana is a leader in the design and manufacture of highly efficient propulsion and energy-management solutions that power vehicles and machines in all mobility markets across the globe.  The company is shaping sustainable progress through its conventional and clean-energy solutions that support nearly every vehicle manufacturer with drive and motion systems; electrodynamic technologies, including software and controls; and thermal, sealing, and digital solutions.

Based in Maumee, Ohio, USA, the company reported sales of $8.9 billion in 2021 with 40,000 people in 31 countries across six continents.  Founded in 1904, Dana was named one of "America's Most Responsible Companies 2023" by Newsweek for its emphasis on sustainability and social responsibility.  The company is driven by a high-performance culture that focuses on valuing others, inspiring innovation, growing responsibly, and winning together, earning it global recognition as a top employer.  Learn more at dana.com.

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SOURCE Dana Incorporated

FAQ

When will Dana pay the dividend?

Dana will pay the dividend on March 24, 2023.

What is the amount of the dividend announced by Dana?

The announced dividend is $0.10 per share.

What is the record date for Dana's dividend?

The record date for the dividend is March 3, 2023.

What were Dana's sales figures for 2021?

Dana reported sales of $8.9 billion in 2021.

How many employees does Dana have?

Dana has approximately 40,000 employees worldwide.