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

MAUMEE, Ohio, Oct. 27 /PRNewswire-FirstCall/ -- 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 bringing current all previously deferred dividend obligations to its preferred shareholders as of September 30, 2010.  

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An aggregate cash payment of approximately $34.2 million or $4.33 per share will be payable on December 10, 2010, to preferred shareholders of record at the close of business on November 5, 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 22,000 people in 26 countries and reported 2009 sales of $5.2 billion.  For more information, please visit: www.dana.com.

SOURCE Dana Holding Corporation