Dover Corporation (DOV) To Go Ex-Dividend on May 29th

Dover Corporation (NYSE:DOV) announced a quarterly dividend on Friday, May 8th. Investors 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) annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, May 29th.

Dover has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 70 years. Dover has a dividend payout ratio of 20.3% indicating that its dividend is sufficiently covered by earnings. Equities 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 Up 2.7%

Shares of Dover stock opened at $215.61 on Wednesday. The stock’s 50-day moving average is $214.94 and its 200 day moving average is $207.70. Dover has a one year low of $158.97 and a one year high of $237.54. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.32. The firm has a market cap of $29.03 billion, a price-to-earnings ratio of 26.88, a PEG ratio of 1.60 and a beta of 1.21.

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