Dover Announces The 2022 Dover Scholarship Winners And Expands Program

Rhea-AI Summary

Dover (NYSE: DOV) has announced the 2022 winners of its Dover Foundation Scholars Program, awarding scholarships of up to $12,000 to support the education of 30 children of full-time employees across its global operations. The program has now been running for eleven years and has provided approximately $2.6 million in financial aid, benefiting 373 students to date. This initiative reflects Dover's commitment to education and community support within its workforce.

Positive

• Expansion of scholarship program to award 30 students, up from previous years.
• Total scholarship amount increased to a maximum of $12,000 per winner.
• Program has awarded 373 scholarships totaling approximately $2.6 million over eleven years.

Negative

• None.

DOWNERS GROVE, Ill., April 28, 2022 /PRNewswire/ -- Dover (NYSE: DOV) today announced the names of 30 winners of its Dover Foundation Scholars Program. This year's winners represent each of Dover's five operating segments and nearly all of its Operating Companies.

Dover also recently announced that it has increased the number of students being awarded, while increasing the amount of each scholarship. All winners, including previous awardees still enrolled in the program, will receive a maximum of $12,000 toward their undergraduate studies. The program is now in its eleventh year and has awarded 373 scholarships, providing approximately $2.6 million in financial support to deserving students.

Scholarships are made available to the children of full-time employees of Dover and its Operating Companies worldwide. Selections are made by a team of independent, college admissions professionals from prominent universities, and are based on each student's academic performance, leadership abilities and extracurricular activities.

Here is the list of the 2022 Dover Scholars Program winners by Operating Company:

Colder Products Company
Allison Rasch	Colder Products Company - Roseville, MN
Dover Corporation
Margeaux Rice	Dover - Downers Grove, IL
DESTACO
Nick Kocela	DESTACO - Mt. Prospect, IL
Dover Food Retail
Abdullah Chandasir	Hillphoenix - Conyers, GA
Kendyll Fitzgerald	Hillphoenix - Richmond, VA
MyTien Huynh	Hillphoenix - Covington, GA
Evan Stubblefield	Hillphoenix - Richmond, VA
Dover Fueling Solutions
Robert Couch	Dover Fueling Solutions - Austin, TX
Ximena Woodhead	Dover Fueling Solutions - Austin, TX
Dover Precision Components
Joshua Grey	Waukesha Bearings - Rickmansworth, United Kingdom
Katie Gunderson	Inpro/Seal - Rock Island, IL
Environmental Solutions Group
Madisyn Hill	Heil Environmental - Fort Payne, AL
Abigail Lane	Heil Environmental - Fort Payne, AL
Lucas Rowden	Environmental Solutions Group - San Diego, CA
Maag
Hailey Smarr	Maag - Kent, OH
Markem-Imaje
Mia Brown	Markem-Imaje - Keene, NH
Abbie Carlton	Markem-Imaje - Kennessaw, GA
Radhika Kitturkar	Markem-Imaje - Bengaluru, India
Aurora Ponisio	JK Group - Novedrate, Italy
Microwave Products Group
Gwyneth Hotaling	Pole Zero - West Chester, OH
Christine Park	K&L Microwave - Salisbury, MD
OK International
Benjamin Collier	OK International - Cypress, CA
OPW
Joon Chun	OPW - Hamilton, OH
Elizabeth Hutchinson	Acme Cryogenics - Allentown, PA
Benjamin Olenick	OPW - Hamilton, OH
Nikhil Verma	Innovative Control Systems - Bethlehem, PA
Pump Solutions Group
Rebecca Basclain	Ebsray - Sydney, Australia
SWEP
Natalia Cizmarova	SWEP - Kechnec, Slovakia
Tulsa Winch Group
Vaviana Young	Tulsa Winch Group - Jenks, OK
Vehicle Service Group
Alice Dondarini	Ravaglioli - Sasso Marconi, Italy

About Dover:

Dover is a diversified global manufacturer and solutions provider with annual revenue of approximately $8 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. 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 25,000 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.

About The Dover Foundation:

The Dover Foundation was established in 2011. The Foundation is tax exempt under Section 501(c)(3) of the Internal Revenue Code. The Dover Foundation is committed to supporting causes and programs that promote education and enhance the lives of Dover Company employees and their families. One such program is the Dover Scholars Program.

CONTACT: 
Adrian Sakowicz 
Vice President of Communications 
630-743-5039 
asakowicz@dovercorp.com 

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SOURCE Dover

FAQ

What is the Dover Foundation Scholars Program?

The Dover Foundation Scholars Program awards scholarships to children of full-time employees at Dover, providing financial support for their undergraduate studies.

How much can students receive from the Dover scholarship?

Each student can receive a maximum of $12,000 from the Dover Foundation Scholars Program.

How many scholarships has Dover awarded in total?

Dover has awarded a total of 373 scholarships since the program's inception.

When was the latest announcement regarding the Dover scholarship winners?

The latest announcement regarding the Dover scholarship winners was made on April 28, 2022.

What is the stock symbol for Dover?

Dover trades on the New York Stock Exchange under the stock symbol 'DOV'.