MAUMEE, Ohio, April 30, 2015 /PRNewswire/ -- Dana Holding Corporation (NYSE: DAN) announced today that its board of directors has raised the dividend on its common stock.
The board declared a quarterly dividend of $0.06 per share, payable June 5, 2015, to holders of Dana common stock as of May 15. The new dividend rate represents a 20 percent increase above the prior quarterly dividend.
"In recognition of our strong financial performance, ability to generate strong cash flow, and confidence in the future of Dana, our board has voted to increase our quarterly dividend by 20 percent. We are confident our efforts and focus will allow Dana to continue to grow its top line in excess of the market over the long term," said President and Chief Executive Officer Roger Wood.
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 approximately 23,000 people in 25 countries on six continents. In 2014, Dana generated sales of $6.6 billion. For more information, please visit dana.com.
SOURCE Dana Holding Corporation