Dana Corporation Declares 255th Consecutive Dividend

    TOLEDO, Ohio, July 17 /PRNewswire/ -- Dana Corporation (NYSE: DCN) today
declared its 255th consecutive dividend, extending a streak that dates back to
1936 without a missed or reduced payment.  The dividend of 31 cents per share
is payable Sept. 14, 2001, to shareholders of record August 31.
    (Photo:  http://www.newscom.com/cgi-bin/prnh/19990903/DANA )
    Dana Chairman and CEO Joe Magliochetti said, "We are extremely proud of
our long history of reliable dividend payments to Dana shareholders.  We
believe that our dividend is one of the items that makes Dana stock an
attractive long-term investment."
    At the close of trading yesterday, Dana's dividend yield was approximately
5 percent.
    Dana Corporation is one of the world's largest suppliers of components,
modules and complete systems to global vehicle manufacturers and their related
aftermarkets.  Founded in 1904 and based in Toledo, Ohio, the company operates
some 300 major facilities in 35 countries and employs approximately 75,000
people.  The company reported sales of $12.3 billion in 2000.  Dana's Internet
address is http://www.dana.com .

SOURCE Dana Corporation

Web Site: http://www.dana.com

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