Dana Corporation Declares 252nd Consecutive Dividend
Oct 16, 2000
TOLEDO, Ohio, Oct. 16 /PRNewswire/ -- Dana Corporation (NYSE: DCN) today declared its 252nd 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 Dec. 15, 2000, to shareholders of record Dec. 1. (Photo: http://www.newscom.com/cgi-bin/prnh/19990903/DANA ) Dana Chairman and CEO Joe Magliochetti said, "We are very pleased to be able to continue our long history of reliable dividend payments to our shareholders. We believe that our dividend is one of the things that makes Dana stock an attractive long-term investment." At the close of trading on October 13, Dana's dividend yield was more than 6 percent. Dana Corporation is one of the world's largest suppliers to vehicle manufacturers and their related aftermarkets. Founded in 1904 and based in Toledo, Ohio, the company operates some 320 major facilities in 32 countries and employs more than 80,000 people. The company reported sales of $13.2 billion in 1999. Dana's Internet address is http://www.dana.com .
SOURCE Dana Corporation
Web Site: http://www.dana.com
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