Dana Holding Corporation (NYSE: DAN) announced that its Board of Directors has authorized the payment of a dividend to shareholders of 4.0 percent Series A Convertible Preferred Stock and 4.0 percent Series B Convertible Preferred Stock.

A cash payment of $1.00 per share representing a quarterly dividend for the quarter ended March 31, will be payable on May 25, 2012, to preferred shareholders of record as of the close of business on May 4, 2012.

About Dana Holding Corporation

Dana is a world-leading supplier of driveline, sealing, and thermal-management technologies that improve the efficiency and performance of passenger, commercial, and off-highway vehicles with both conventional and alternative-energy powertrains. The company's global network of engineering, manufacturing, and distribution facilities provides original-equipment and aftermarket customers with local product and service support. Based in Maumee, Ohio, Dana employs approximately 25,500 people in 26 countries and reported 2011 sales of $7.6 billion. For more information, please visit: www.dana.com.

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