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Dana Corporation Declares 252nd Consecutive Dividend DANA CORPORATION LOGO Dana Corporation logo. (PRNewsFoto)[DM] TOLEDO, OH USA 09/03/1999    

16 October 2000

Dana Corporation Declares 252nd Consecutive Dividend DANA CORPORATION LOGO Dana Corporation logo. (PRNewsFoto)[DM] TOLEDO, OH USA 09/03/1999    

    TOLEDO, Ohio, Oct. 16 Dana Corporation today
declared its 252nd 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 Dec. 15, 2000, to shareholders of record Dec. 1.
    (Photo:  http://www.newscom.com/cgi-bin/prnh/19990903/DANA )
    Dana Chairman and CEO Joe Magliochetti said, "We are very pleased to be
able to continue our long history of reliable dividend payments to our
shareholders.  We believe that our dividend is one of the things that makes
Dana stock an attractive long-term investment."
    At the close of trading on October 13, Dana's dividend yield was more than
6 percent.
    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 more than 80,000 people. The company reported sales of
$13.2 billion in 1999. Dana's Internet address is http://www.dana.com .