Dana Board Increases Dividend
The board declared a quarterly dividend of
"In recognition of our strong financial performance, ability to generate strong cash flow, and confidence in the future of Dana, our board has voted to increase our quarterly dividend by 20 percent. We are confident our efforts and focus will allow Dana to continue to grow its top line in excess of the market over the long term," said President and Chief Executive Officer
About
Dana is a global leader in the supply of highly engineered driveline, sealing, and thermal-management technologies that improve the efficiency and performance of vehicles with both conventional and alternative-energy powertrains. Serving three primary markets – passenger vehicle, commercial truck, and off-highway equipment – Dana provides the world's original-equipment manufacturers and the aftermarket with local product and service support through a network of nearly 100 engineering, manufacturing, and distribution facilities. Founded in 1904 and based in
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SOURCE
Investor Contact, Craig Barber, 419.887.5166, craig.barber@dana.com; Media Contact, Jeff Cole, 419.887.3535, jeff.cole@dana.com