Dana Announces Payment of Dividends on Preferred Stock

MAUMEE, Ohio, Oct. 26, 2011 /PRNewswire/ -- Dana Holding Corporation (NYSE: DAN) today announced that its Board of Directors has authorized the payment of a dividend to shareholders of 4.0 percent Series A Convertible Preferred Stock and 4 percent Series B Convertible Preferred Stock.  

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A cash payment of $1.00 per share representing a quarterly dividend for the quarter ended September 30, 2011, will be payable on November 25, 2011, to preferred shareholders of record as of the close of business on November 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 24,000 people in 26 countries and reported 2010 sales of $6.1 billion.  For more information, please visit: www.dana.com.

SOURCE Dana Holding Corporation