There is no risk of damage. Whether or not sound quality is compromised depends on the output impedance of the DAC, the input impedances of the headphone amplifier and the power amplifier, and possibly also on the lengths and capacitances per unit length of the cables that are involved (especially if either or both of the cables is/are particularly long). The likelihood of a problem is greatest if the DAC has a tube-based output stage and the two amps are solid state.
A splitter I have used with fine results is this one, made by AudioQuest:
https://www.audioadvisor.com/prodinfo.asp?number=AQM22FHRD
Regards,
-- Al
A splitter I have used with fine results is this one, made by AudioQuest:
https://www.audioadvisor.com/prodinfo.asp?number=AQM22FHRD
Regards,
-- Al