Dana Announces Payment of Dividend on Common Stock
MAUMEE, Ohio, July 26, 2012 /PRNewswire/ -- Dana Holding Corporation (DAN) announced that its Board of Directors has declared a dividend on its common stock. The Board declared a quarterly dividend of $0.05 per share, payable August 31 to holders of Dana common stock as of August 10.
"We're pleased to continue paying the dividend to common stockholders, which was initiated earlier this year and will be reviewed by Dana's board on a quarterly basis," said Dana President and Chief Executive Officer Roger J. Wood. "Strong second-quarter results supported our position of financial strength and that, in turn, allows us to provide a greater return to our shareholders while continuing to invest in our growth and technology initiatives."
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 25,500 people in 27 countries and reported 2011 sales of $7.6 billion. For more information, please visit www.dana.com.
SOURCE Dana Holding Corporation