Dover Increases Dividend

Rhea-AI Summary

Dover (DOV) has announced a quarterly cash dividend increase to $0.50 per share, up from $0.495. This marks the 66th consecutive year of dividend growth, highlighting the company's commitment to returning capital to shareholders. The increased dividend will be payable on September 15, 2021, to shareholders on record as of August 31, 2021. Dover, with annual revenues of approximately $7 billion, operates in diverse segments, including Engineered Products and Fueling Solutions.

Positive

• 66th consecutive year of dividend increase demonstrates long-term financial stability.
• Dividend raised from $0.495 to $0.50, signaling confidence in future cash flow.

Negative

• None.

News Market Reaction

+0.18%

1 alert

+0.18% News Effect

On the day this news was published, DOV gained 0.18%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

DOWNERS GROVE, Ill., Aug. 5, 2021 /PRNewswire/ -- The Board of Directors of Dover (NYSE: DOV) today increased its quarterly cash dividend to $0.50 (fifty cents) per share, from the previous $0.495 (forty-nine and one-half cents) per share, an increase of $0.005 (one-half cent). This is the 66^th consecutive year in which the Company has increased its annual cash dividend, demonstrating Dover's longstanding commitment to returning capital to shareholders.

This increased dividend will be paid on September 15, 2021, to shareholders of record as of August 31, 2021.

About Dover:  
Dover is a diversified global manufacturer and solutions provider with annual revenue of approximately $7 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Fueling Solutions, Imaging & Identification, Pumps & Process Solutions and Refrigeration & Food Equipment. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 65 years, our team of over 24,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV." Additional information is available at dovercorporation.com. 

Investor Contact:	Media Contact:
Andrey Galiuk	Adrian Sakowicz
Vice President – Corporate Development	Vice President – Communications
and Investor Relations	(630) 743-5039
(630) 743-5131	asakowicz@dovercorp.com
agaliuk@dovercorp.com

 

 

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SOURCE Dover

FAQ

What is the new dividend amount for Dover (DOV)?

The new dividend amount for Dover (DOV) is $0.50 per share.

When will Dover's increased dividend be paid?

Dover's increased dividend will be paid on September 15, 2021.

What date is the record for shareholders to receive the dividend?

The record date for shareholders to receive the dividend is August 31, 2021.

How many consecutive years has Dover increased its dividend?

Dover has increased its dividend for 66 consecutive years.

What are the implications of the dividend increase for DOV investors?

The dividend increase reflects Dover's financial confidence and commitment to returning value to shareholders.