Print Page  |  Close Window

SEC Filings

DANA INC filed this Form 8-K on 01/17/2018
Entire Document

Slide 24

Capital Allocation Priorities Organic Growth Inorganic Growth 1 2 Cash Repatriation 4 Capital Structure 3 Investing to deliver backlog generates attractive returns Targeting consistent capital spend levels at ~4% of sales Selectively expand product technology Enhance geographic presence Reduce debt and pension liabilities Drive towards investment grade credit metrics Pay competitive dividend; increase from $0.06 to $0.10 per share Ambient level of share repurchase to mitigate dilution; $100M, 2 yr. authorization Investing in growth and further strengthening balance sheet Capital expenditures expected to normalize at ~4% of sales as major program refreshes are complete (i.e. Super Duty and Wrangler) Disciplined M&A process continues to create options to generate attractive risk adjusted returns As cash flows increase, excess cash will be used to improve credit metrics Increase quarterly dividend by 67% from $0.06 to $0.10 per share to align payout ratio and yield with peer group 23