Dover Increases Dividend

Rhea-AI Summary

Dover (NYSE: DOV) has announced an increase in its quarterly cash dividend from $0.49 to $0.495 per share, representing a rise of $0.005. This marks the 65th consecutive year of dividend increases, highlighting the company's commitment to returning capital to shareholders. The new dividend will be paid on September 15, 2020, to shareholders recorded as of August 31, 2020. Dover reported annual revenue of approximately $7 billion, underscoring its position as a diversified global manufacturer.

Positive

• Increased quarterly dividend to $0.495 per share, up from $0.49.
• 65 consecutive years of dividend increases, indicating strong shareholder commitment.
• Annual revenue of approximately $7 billion demonstrates financial stability.

Negative

• None.

DOWNERS GROVE, Ill., Aug. 6, 2020 /PRNewswire/ -- The Board of Directors of Dover (NYSE: DOV) today increased its quarterly cash dividend to $0.495 (forty-nine and one-half cents) per share, from the previous $0.49 (forty-nine cents) per share, an increase of $0.005 (one-half cent). This is the 65^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, 2020, to shareholders of record as of August 31, 2020.

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 60 years, our team of over 23,000 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:
Andrey Galiuk
Vice President – Corporate Development
and Investor Relations
(630) 743-5131
agaliuk@dovercorp.com

Media Contact:
Adrian Sakowicz
Vice President – Communications
(630) 743-5039
asakowicz@dovercorp.com 

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SOURCE Dover