Dover Corporation (DOV) to Issue Quarterly Dividend of $0.53 on September 15th

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 dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, August 31st. This is a 1.0% increase from Dover’s previous quarterly dividend of $0.52.

Dover has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 70 consecutive years. Dover has a dividend payout ratio of 20.5% meaning its dividend is sufficiently covered by earnings. Equities 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 Performance

Shares of NYSE:DOV opened at $198.54 on Friday. 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 business’s fifty day moving average price is $210.67 and its two-hundred day moving average price is $215.13. Dover has a fifty-two week low of $158.97 and a fifty-two week high of $237.54. The stock has a market capitalization 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 posted its earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share for the quarter, topping the consensus estimate of $2.72 by $0.02. The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.21 billion. Dover had a net margin of 13.48% and a return on equity of 18.32%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.44 EPS. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. As a group, analysts predict that Dover will post 10.67 EPS for the current fiscal year.

Institutional Trading of Dover

A number of institutional investors and hedge funds have recently modified their holdings of DOV. True North Advisors LLC grew its holdings in Dover by 2.9% during the first quarter. True North Advisors LLC now owns 1,610 shares of the industrial products company’s stock valued at $336,000 after purchasing an additional 45 shares during the period. Orion Porfolio Solutions LLC raised its holdings in Dover by 0.7% in the fourth quarter. Orion Porfolio Solutions LLC now owns 7,542 shares of the industrial products company’s stock worth $1,472,000 after purchasing an additional 51 shares during the period. Nilsine Partners LLC boosted its position in shares of Dover by 2.7% during the second quarter. Nilsine Partners LLC now owns 1,967 shares of the industrial products company’s stock worth $441,000 after purchasing an additional 52 shares in the last quarter. KCM Investment Advisors LLC boosted its position in shares of Dover by 3.5% during the fourth quarter. KCM Investment Advisors LLC now owns 1,585 shares of the industrial products company’s stock worth $309,000 after purchasing an additional 53 shares in the last quarter. Finally, Kingsview Wealth Management LLC grew its holdings in shares of Dover by 2.3% in the 4th quarter. Kingsview Wealth Management LLC now owns 2,506 shares of the industrial products company’s stock valued at $489,000 after buying an additional 56 shares during the period. 84.46% of the stock is owned by institutional investors.

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.