Dana Initiates Dividend for Common Stock
MAUMEE, Ohio, Feb. 22, 2012 /PRNewswire/ — Dana Holding Corporation (NYSE: DAN) today announced that its Board of Directors has declared a first-quarter dividend on its common stock. The Board declared a quarterly dividend of $0.05 per share, payable March 30 to holders of Dana common stock as of March 9.
“Dana’s position of financial strength today allows us to provide a greater return to our common shareholders while also continuing to invest in our future through technology and growth initiatives,” said Dana President and Chief Executive Officer Roger J. Wood. “Going forward, Dana’s Board will review payment of a dividend each quarter.”
About Dana Holding Corporation
Dana is a world-leading supplier of driveline, sealing, and thermal-management technologies that improve the efficiency and performance of passenger, commercial, and off-highway vehicles with both conventional and alternative-energy powertrains. The company’s global network of engineering, manufacturing, and distribution facilities provides original-equipment and aftermarket customers with local product and service support. Based in Maumee, Ohio, Dana employs approximately 24,500 people in 26 countries and reported 2011 sales of $7.6 billion. For more information, please visit: www.dana.com.
SOURCE Dana Holding Corporation