TOLEDO, Ohio, Feb. 21 /PRNewswire-FirstCall/ -- Dana Corporation
(NYSE: DCN) today announced that its Board of Directors has postponed action
regarding a cash dividend on Dana's common stock for the first quarter of 2006
pending completion of the company's fourth-quarter and full-year 2005
financial results.
(Logo: http://www.newscom.com/cgi-bin/prnh/19990903/DANA)
"The Board will make its dividend determination in light of these results
and the company's financial position," said Dana Chairman and Chief Executive
Officer Mike Burns.
Dana people design and manufacture products for every major vehicle
producer in the world. Dana is focused on being an essential partner to
automotive, commercial, and off-highway vehicle customers, which collectively
produce more than 60 million vehicles annually. A leading supplier of axle,
driveshaft, engine, frame, chassis, and transmission technologies, Dana
employs 46,000 people in 28 countries. Based in Toledo, Ohio, the company
reported sales of $9 billion in 2004. Dana's Internet address is:
http://www.dana.com.
SOURCE Dana Corporation
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Related links:
http://www.dana.com
Photo Notes:
NewsCom:
http://www.newscom.com/cgi-bin/prnh/19990903/DANA
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
Company News On-Call:
http://www.prnewswire.com/comp/226839.html
CONTACT:
Michelle Hards of Dana Corporation,
+1-419-535-4636, or michelle.hards@dana.com
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