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

MAUMEE, Ohio, Feb. 24, 2011 /PRNewswire/ -- Dana Holding Corporation (NYSE: DAN) announced today that its Board of Directors has authorized the payment of a dividend 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 $7.9 million or $1.00 per share representing a quarterly dividend for the quarter ended December 31, 2010, will be payable on April 8, 2011, to preferred shareholders of record as of the close of business on March 4, 2011.

About Dana Holding Corporation

Dana is a world leader in the supply of driveline products (axles, driveshafts, and transmissions), power technologies (sealing and thermal-management products), and genuine service parts for light- and heavy-duty vehicle manufacturers.  The company's customer base includes nearly every major vehicle manufacturer in the global automotive, commercial vehicle, and off-highway markets.  Based in Maumee, Ohio, the company employs approximately 22,500 people in 26 countries and reported 2010 sales of $6.1 billion.  For more information, please visit: www.dana.com.

SOURCE Dana Holding Corporation