Dover Corporation (NYSE:DOV) Raises Dividend to $0.53 Per Share

Dover Corporation (NYSE:DOV) declared a quarterly dividend on Friday, August 7th. Investors of record on Monday, August 31st will be given a dividend of 0.525 per share by the industrial products company on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date is Monday, August 31st. This is a 1.0% increase from Dover’s previous quarterly dividend of $0.52.

Dover has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 70 years. Dover has a payout ratio of 20.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Dover to earn $11.48 per share next year, which means the company should continue to be able to cover its $2.10 annual dividend with an expected future payout ratio of 18.3%.

Dover Stock Down 1.6%

DOV stock opened at $198.54 on Friday. Dover has a 12 month low of $158.97 and a 12 month high of $237.54. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.98 and a quick ratio of 1.41. The company has a fifty day moving average price of $210.67 and a 200 day moving average price of $215.13. The company has a market cap of $26.74 billion, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 1.53 and a beta of 1.16.

Dover (NYSE:DOV) last released its quarterly earnings data on Thursday, July 23rd. The industrial products company reported $2.74 EPS for the quarter, topping the consensus estimate of $2.72 by $0.02. Dover had a net margin of 13.48% and a return on equity of 18.32%. The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same period in the previous year, the firm earned $2.44 EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. Sell-side analysts expect that Dover will post 10.67 earnings per share for the current year.

Dover Company Profile

Dover Corporation is a diversified global manufacturer of industrial products, components and specialty systems that serve a wide range of commercial and industrial end markets. Headquartered in Downers Grove, Illinois, the company has built a portfolio of operating businesses that design, manufacture and distribute engineered equipment, aftermarket parts and related services for customers around the world.

Dover’s activities span several product and solution categories, including fluid-handling and pumping systems, material handling and processing equipment, refrigeration and foodservice technologies, product identification and printing systems, precision components and automation and sensing solutions.