Dover Corporation (NYSE:DOV) Declares Quarterly Dividend of $0.53

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) dividend on an annualized basis and a 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 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 dividend 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 Performance

DOV stock opened at $198.54 on Friday. The stock’s fifty day moving average is $210.67 and its two-hundred day moving average is $215.13. The stock has a market capitalization of $26.74 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 1.53 and a beta of 1.16. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.41 and a current ratio of 1.98. Dover has a 1 year low of $158.97 and a 1 year high of $237.54.

Dover (NYSE:DOV) last announced its earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share for the quarter, beating the consensus estimate of $2.72 by $0.02. Dover had a return on equity of 18.32% and a net margin of 13.48%.The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter in the previous year, the business earned $2.44 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. On average, research analysts predict that Dover will post 10.67 EPS 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.