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Dana to Pay Dividends on Common, Preferred Stock

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  Published in House and Home on Wednesday, February 27th 2013 at 13:45 GMT by Market Wire
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Dana to Pay Dividends on Common, Preferred Stock -- MAUMEE, Ohio, Feb. 27, 2013 /PRNewswire/ --

MAUMEE, Ohio, Feb. 27, 2013 /PRNewswire/ -- Dana Holding Corporation (NYSE: [ DAN ]) announced today that its Board of Directors has declared a dividend on its common and preferred stock for the quarter ended Dec. 31, 2012.  

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 J. 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."

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 more than 23,000 people in 26 countries and reported 2012 sales of $7.2 billion. For more information, please visit [ www.dana.com ].

SOURCE Dana Holding Corporation