Dover Increases Dividend

Rhea-AI Summary

Dover (NYSE: DOV) has announced an increase in its quarterly cash dividend from $0.50 to $0.505 per share, marking a 67th consecutive annual increase. This decision showcases Dover's commitment to returning capital to its shareholders. The dividend will be paid on September 15, 2022, to shareholders on record as of August 31, 2022. Dover, a diversified manufacturer with approximately $8 billion in revenue, operates across five segments, emphasizing innovation and operational agility in its market approach.

Positive

• Dividend increased by $0.005, demonstrating consistent shareholder return.
• 67 consecutive years of dividend increases reflect financial stability and confidence.

Negative

• None.

DOWNERS GROVE, Ill., Aug. 4, 2022 /PRNewswire/ -- The Board of Directors of Dover (NYSE: DOV) today increased its quarterly cash dividend to $0.505 (fifty and one-half cents) per share, from the previous $0.50 (fifty cents) per share, an increase of $0.005 (one-half cent). This is the 67^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, 2022, to shareholders of record as of August 31, 2022.

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.

Investor Contact:	Media Contact:
Jack Dickens	Adrian Sakowicz
Senior Director - Investor Relations	Vice President - Communications
(630) 743-2566	(630) 743-5039
jdickens@dovercorp.com	asakowicz@dovercorp.com

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SOURCE Dover

FAQ

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

Dover has increased its quarterly cash dividend to $0.505 per share.

When will Dover's new dividend be paid?

The new dividend will be paid on September 15, 2022.

What date do shareholders need to be on record to receive the dividend?

Shareholders must be on record by August 31, 2022, to receive the dividend.

How many years has Dover increased its dividend consecutively?

Dover has increased its dividend for 67 consecutive years.

What is Dover's annual revenue?

Dover has an annual revenue of approximately $8 billion.