The ex-dividend date for Dana (NYSE:DAN) is tomorrow, May 8, 2013. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $17.64 as of 9:30 a.m., the dividend yield is 1.1%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- The ex-dividend date for Dana (NYSE: DAN) is tomorrow, May 8, 2013. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $17.64 as of 9:30 a.m. ET, the dividend yield is 1.1%. The average volume for Dana has been two million shares per day over the past 30 days. Dana has a market cap of $2.57 billion and is part of the consumer goods sector and automotive industry. Shares are up 12.4% 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 14, below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Dana as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Dana Ratings Report. See our dividend calendar or top-yielding stocks list. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.