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Published: 2/23/2012
Dana dividend payment to be 5 cents per share
Dana Holding Corp. is initiating a quarterly dividend payment of 5 cents per share, the company announced Wednesday.
The dividend will be payable March 30 to shareholders of record March 9. Dana, based in Maumee, hasn’t paid a dividend since it emerged from bankruptcy protection in February, 2008.
The announcement was made after the market closed Wednesday. Year-to-date, Dana’s stock price is up 27 percent to $15.96, though shares were down about 1 percent Wednesday.
On Tuesday, Dana announced unadjusted earnings of $188 million in 2011, or $1.02 per share.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.
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