DANA Inc 8-K
Research Summary
AI-generated summary
DANA Inc. Announces $0.12 Quarterly Dividend and $2.0B Buyback Plan
What Happened
Dana Incorporated announced that its Board of Directors declared a quarterly dividend of $0.12 per share on its common stock, payable March 20, 2026, to shareholders of record as of February 27, 2026. The Board also approved an increase and extension of Dana’s share repurchase program to a total authorization of $2.0 billion, extended through 2030. The company furnished a press release with these announcements as Exhibit 99.1 to its Form 8-K dated February 11, 2026.
Key Details
- Dividend: $0.12 per share, payable March 20, 2026; record date February 27, 2026.
- Share repurchase program: increased/extended to a total of $2.0 billion and extended through 2030.
- Announcement made by Dana’s Board of Directors and disclosed via a press release (Exhibit 99.1) on Feb 11, 2026.
Why It Matters
A declared cash dividend provides direct cash return to shareholders and signals the Board’s confidence in current cash flow. The expanded and extended $2.0 billion repurchase authorization gives Dana flexibility to buy back shares over a longer period, which can reduce outstanding shares and return capital to investors. Investors should note these are Board actions announced in a furnished press release; they do not include additional financial results or forward guidance in this filing.