Dana Corporation Declares Dividend

    TOLEDO, Ohio, Feb. 12 Dana Corporation today
declared a quarterly dividend of 31 cents per share, payable March 15, 2001,
to shareholders of record on March 1.
    (Photo:  http://www.newscom.com/cgi-bin/prnh/19990903/DANA )
    Dana Chairman and CEO Joe Magliochetti said, "We are extremely pleased to
continue our long history of dividend payments to our shareholders, as it
further reflects the confidence of our Board in the near-term plans and longer
term goals of the company.
    "This marks our 253rd consecutive dividend, dating back to 1936 without a
missed or reduced payment," he added.  "This is clearly one of the reasons
that we believe Dana stock is an attractive long-term investment."
    Dana Corporation is one of the world's largest suppliers to vehicle
manufacturers and their related aftermarkets.  Founded in 1904 and based in
Toledo, Ohio, the company operates some 320 major facilities in 32 countries
and employs approximately 75,000 people. The company reported sales of
$13.2 billion in 1999.  Dana's Internet address is http://www.dana.com .