Dana to Pay Dividends on Common, Series B Convertible Preferred Stock
MAUMEE, Ohio, Oct. 25, 2013 /PRNewswire/ -- Dana Holding Corporation (NYSE: DAN) announced today that its Board of Directors has declared a dividend on its common and Series B convertible preferred stock for the quarter ended Sept. 30, 2013.
The Board declared a quarterly dividend of $0.05 per share, payable Nov. 29 to holders of Dana common stock as of Nov. 8.
Dana's Board also authorized the payment of a dividend to shareholders of 4.0 percent Series B Convertible Preferred Stock. A cash payment of $1.00 per share representing a quarterly dividend will be payable Nov. 22 to preferred shareholders of record as of Nov. 1.
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