Dover Corporation (DOV) to Issue Quarterly Dividend of $0.52 on June 15th

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

Dover has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 70 consecutive 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 Trading Up 2.7%

DOV stock opened at $215.61 on Wednesday. Dover has a 1-year low of $158.97 and a 1-year high of $237.54. The firm has a market cap of $29.03 billion, a P/E ratio of 26.88, a P/E/G ratio of 1.60 and a beta of 1.21. The business’s 50 day moving average is $214.94 and its 200-day moving average is $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 (NYSE:DOV) last released its quarterly earnings data on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.01. Dover had a return on equity of 18.01% and a net margin of 13.30%.The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same period in the prior year, the company posted $2.05 EPS. The company’s revenue was up 10.1% compared to the same quarter last year. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. Equities analysts anticipate that Dover will post 10.65 earnings per share for the current fiscal 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.