Dana Named to Better Investing Magazine's Top 100 Stocks List; Company Also Among Top Stocks in NAIC Growth Fund Portfolio
Apr 2, 1997
TOLEDO, Ohio, April 2 /PRNewswire/ -- Dana Corporation (NYSE: DCN) is one of just 35 companies -- and the only vehicular supplier -- to both place on the Better Investing magazine Top 100 stocks list and be included in the National Association of Investors Corporation (NAIC) Growth Fund Portfolio. Dana was the only vehicular supplier to crack Better Investing's top 40 stocks this year, ranking 39th on the Top 100 list published in the magazine's April edition. Dana's position reflects the more than 870,000 shares of its stock -- valued at more than $28 million -- held by NAIC clubs as of year end 1996. Additionally, Dana is listed among the top stocks in the NAIC Growth Fund Portfolio. Dana stock, purchased since 1990, has resulted in a 133-percent gain for NAIC Growth Fund investors. The fund's $53,250 investment in Dana was recently valued at more than $124,000. NAIC is a non-profit organization made up of investment clubs and individual investors. Founded in 1951, the corporation has more than 500,000 members representing investments of about $16 billion. Dana Corporation is a global leader in the engineering, manufacture and distribution of products and systems for the vehicular, industrial and off-highway markets. Its core businesses are axles, driveshafts, structural components (frames), sealing products, filtration products, off-highway components, engine products, industrial products and leasing. Its leasing services operation was a recipient of the 1996 Malcolm Baldrige National Quality Award. Founded in 1904 and based in Toledo, Ohio, Dana operates facilities in 30 countries with more than 48,000 people. Its 1996 sales were $7.7 billion. It has more than 40 product research and development centers worldwide. The Internet address for Dana's home page is: http://www.dana.com. SOURCE Dana Corporation CONTACT: Gary Corrigan, Director-Corporate Communications, of Dana Corporation, 419-535-4813