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

Dover Corporation (NYSE:DOV) announced a quarterly dividend on Thursday, November 6th. Stockholders of record on Friday, November 28th will be given a dividend of 0.52 per share by the industrial products company on Monday, December 15th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, November 28th.

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 20.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Dover to earn $10.29 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 20.2%.

Dover Price Performance

NYSE:DOV traded down $0.80 during mid-day trading on Friday, hitting $177.77. The company’s stock had a trading volume of 206,968 shares, compared to its average volume of 1,070,925. The company has a current ratio of 2.04, a quick ratio of 1.44 and a debt-to-equity ratio of 0.35. The stock has a fifty day moving average of $171.96 and a 200-day moving average of $177.07. The company has a market capitalization of $24.38 billion, a price-to-earnings ratio of 10.96, a P/E/G ratio of 1.40 and a beta of 1.29. Dover has a fifty-two week low of $143.04 and a fifty-two week high of $222.31.

Dover (NYSE:DOV) last released its quarterly earnings results on Thursday, June 30th. The industrial products company reported $1.55 EPS for the quarter. Dover had a net margin of 28.37% and a return on equity of 17.62%. The firm had revenue of $1.78 billion for the quarter. As a group, equities analysts forecast that Dover will post 9.45 EPS for the current fiscal year.

Dover Company Profile

Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company's Engineered Products segment provides various equipment, component, software, solution, and services that are used in vehicle aftermarket, waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market.