Dana to Pay Dividends on Common, Series B Convertible Preferred Stock
MAUMEE, Ohio, May 2, 2014 /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 March 31, 2014.
The Board declared a quarterly dividend of $0.05 per share, payable June 6 to holders of Dana common stock as of May 16.
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 May 30 to preferred shareholders of record as of May 9.
About Dana Holding Corporation
Dana is a global leader in the supply of highly engineered driveline, sealing, and thermal-management technologies that improve the efficiency and performance of vehicles with both conventional and alternative-energy powertrains. Serving three primary markets – passenger vehicle, commercial truck, and off-highway equipment – Dana provides the world's original-equipment manufacturers and the aftermarket with local product and service support through a network of nearly 100 engineering, manufacturing, and distribution facilities. Founded in 1904 and based in Maumee, Ohio, the company employs 23,000 people in 26 countries on six continents. In 2013, Dana generated sales of $6.8 billion. For more information, please visit dana.com.
SOURCE Dana Holding Corporation