By Colin Kellaher

Dana's board has raised the company's quarterly dividend by 20%, to 12 cents from 10 cents, and added $1 billion to its share-repurchase program.

The new quarterly payout, equal to 48 cents a year, represents an annual yield of about 1.5% based on Tuesday's closing price of $32.07, up from 1.25%.

The Maumee, Ohio, maker of propulsion and energy-management solutions on Wednesday said the increased dividend is payable March 20 to shareholders of record Feb. 27.

Dana, which sports a market capitalization of around $3.75 billion, said the new buyback authorization extends its program to $2 billion by 2030 from $1 billion by 2027, adding that it has already shelled out $750 million under the program.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

February 11, 2026 07:33 ET (12:33 GMT)

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