Dana Stock To Go Ex-dividend Tomorrow (DAN)

NEW YORK ( TheStreet) -- The ex-dividend date for Dana (NYSE: DAN) is tomorrow, March 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $15.57 as of 9:30 a.m. ET, the dividend yield is 1.2%.

The average volume for Dana has been 2.9 million shares per day over the past 30 days. Dana has a market cap of $2.23 billion and is part of the consumer goods sector and automotive industry. Shares are up 33.3% year to date as of the close of trading on Monday.

Dana Holding Corporation engages in the design, manufacture, and supply of driveline products, technologies, and service parts for vehicle manufacturers worldwide. The company has a P/E ratio of 15.9, below the average automotive industry P/E ratio of 37 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Dana as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Dana Ratings Report.

See our dividend calendar or top-yielding stocks list.
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