30 April 2015, 00:00
Dana Holding Corporation announced today that its board of directors has raised the dividend on its common stock.
The board declared a quarterly dividend of $0.06 per share, payable June 5, 2015, to holders of Dana common stock as of May 15. The new dividend rate represents a 20 percent increase above the prior quarterly dividend.
"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 Roger Wood.
Source: Dana Incorporated