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

MAUMEE, Ohio, July 13 /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 two quarterly dividends will be payable on August 16, 2010, to preferred shareholders of record as of the close of business on July 30, 2010.

About Dana Holding Corporation

Dana is a world leader in the supply of axles; driveshafts; sealing and thermal-management products; and 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 21,000 people in 26 countries and reported 2009 sales of $5.2 billion.  For more information, please visit: www.dana.com.

SOURCE Dana Holding Corporation