Dana Board of Directors Approves Distribution of Preferred Stock Bonuses

Dana, the US auto parts supplier, recently approved the payment of a 4% dividend to Class A Convertible Preferred Stock and Class B Convertible Preferred Stock.

Dana will pay the dividend of one dollar per share for the fourth quarter of 2010 to the preferred stockholders registered on March 4th, 2011, on April 8, 2011, with a total cash value of US$7.9 million.

American Dana Corporation was founded in 1904 and headquartered in Toledo, Ohio. Dana Corporation is supplying high value-added products and systems to automakers, commercial vehicle manufacturers, and off-highway vehicle manufacturers.

Dana employs approximately 70,000 people worldwide and has hundreds of technical, manufacturing and customer service facilities in 34 countries.

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