Dover Corporation (NYSE:DOV) Announces $0.52 Quarterly Dividend

Dover Corporation (NYSE:DOV) announced a quarterly dividend on Friday, May 8th. Shareholders of record on Friday, May 29th will be paid a dividend of 0.52 per share by the industrial products company on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, May 29th.

Dover has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 70 years. Dover has a payout ratio of 20.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Dover to earn $11.38 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 18.3%.

Dover Stock Performance

Shares of Dover stock opened at $215.61 on Wednesday. The company has a market cap of $29.03 billion, a P/E ratio of 26.88, a PEG ratio of 1.60 and a beta of 1.21. The business has a 50-day moving average price of $214.94 and a two-hundred day moving average price of $207.70. The company has a current ratio of 1.87, a quick ratio of 1.32 and a debt-to-equity ratio of 0.35. Dover has a 1-year low of $158.97 and a 1-year high of $237.54.

Dover (NYSE:DOV) last released its quarterly earnings data on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.01. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.19 billion. Dover had a net margin of 13.30% and a return on equity of 18.01%. The business’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.05 EPS. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. As a group, analysts anticipate that Dover will post 10.65 EPS for the current year.

About Dover

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.