Dana Holding Declares Dividends
Mar 04, 2013 (Close-Up Media via COMTEX) --
Dana Holding Corp. announced that its Board of Directors has declared a dividend on its common and preferred stock for the quarter ended Dec. 31, 2012.
In a release dated Feb. 27, the Company said that the Board declared a quarterly dividend of $0.05 per share, payable April 5 to holders of Dana common stock as of March 15.
Dana's Board also authorized the payment of a dividend to shareholders of 4.0 percent Series A Convertible Preferred Stock and 4.0 percent Series B Convertible Preferred Stock. A cash payment of $1.00 per share representing a quarterly dividend will be payable March 29 to preferred shareholders of record as of March 8.
"We are very pleased to have paid a dividend to common and preferred shareholders for each quarter of 2012," said Dana President and Chief Executive Officer Roger Wood. "These actions reflect the strength of our balance sheet, our confidence in Dana's future, and our commitment to creating value to our shareholders."
Dana is a supplier of driveline, sealing, and thermal-management technologies.
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