Dana Holding Corporation Board of Directors Authorizes Payment of Dividends on Preferred Stock

MAUMEE, Ohio, March 3 /PRNewswire-FirstCall/ -- Dana Holding Corporation (NYSE: DAN) announced today that its Board of Directors has authorized the payment of dividends to shareholders of 4.0% Series A Convertible Preferred Stock and 4.0% Series B Convertible Preferred Stock.  

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An aggregate cash payment of $15.8 million or $2.00 per share representing an accrued dividend for the period September 1, 2008, through November 30, 2008, and a current dividend for the period December 1, 2009, through February 28, 2010, will be payable on April 6, 2010, to preferred shareholders of record at the close of business on March 31, 2010.

About Dana Holding Corporation

Dana is a world leader in the supply of axles; driveshafts; and structural, sealing, and thermal-management products; as well as genuine service parts.  The company's customer base includes virtually every major vehicle manufacturer in the global automotive, commercial vehicle, and off-highway markets.  Based in Maumee, Ohio, the company employs approximately 24,000 people in 26 countries and reported 2009 sales of $5.2 billion.  For more information, please visit: www.dana.com.

SOURCE Dana Holding Corporation