---

Dana Corporation Declares 250th Consecutive Dividend

18 April 2000

Dana Corporation Declares 250th Consecutive Dividend DANA CORPORATION LOGO Dana Corporation logo. (PRNewsFoto)[DM] TOLEDO, OH USA 09/03/1999    

    TOLEDO, Ohio, April 17 Dana Corporation (NYSE: DCN) today
declared its 250th consecutive dividend, extending a streak that dates back to
1936 without a missed or reduced payment.  The dividend of 31 cents per share
is payable June 15, 2000, to shareholders of record June 5.
    (Photo:  http://www.newscom.com/cgi-bin/prnh/19990903/DANA )
    Dana Chairman and CEO Joe Magliochetti said, "Dana has achieved a
continuum of solid growth in both sales and profits over the years.  Our
regular dividends have allowed our shareholders to participate in this
success.  In fact, Dana has paid more than $2.3 billion in dividends to its
shareholders over the last 25 years. This is the type of consistent
performance that is often undervalued in today's market environment."
    The value of Dana's dividend as one component within the performance of
its stock as a long-term investment is further illustrated by the fact that,
including stock splits, 100 shares of stock purchased in 1936, when the string
of dividend payments began, would have earned more than $480,000 in dividend
payments alone.
    As of the close of trading Friday, Dana's dividend yield was more than
4.3 percent -- nearly four times the average for companies in the S&P 500.
    Dana Corporation is one of the world's largest independent suppliers to
vehicle manufacturers and their related aftermarkets.  Founded in 1904 and
based in Toledo, Ohio, the company operates approximately 320 major facilities
in 32 countries and employs more than 82,000 people. The company reported
sales of $13.2 billion in 1999.  Dana's Internet address is http://www.dana.com .