Dover Increases Dividend

Rhea-AI Summary

Dover (NYSE: DOV) has announced an increase in its quarterly cash dividend, demonstrating its commitment to shareholder value. The Board of Directors has raised the dividend from $0.51 to $0.515 per share, marking a $0.005 increase. This decision extends Dover's remarkable streak of 69 consecutive years of annual dividend increases. The enhanced dividend will be distributed on September 16, 2024, to shareholders on record as of August 30, 2024. This consistent dividend growth underscores Dover's financial stability and its dedication to rewarding long-term investors.

Positive

• Increased quarterly dividend by $0.005 to $0.515 per share
• 69th consecutive year of annual dividend increases
• Demonstrates financial stability and commitment to shareholder returns

Negative

• None.

DOWNERS GROVE, Ill., Aug. 2, 2024 /PRNewswire/ -- The Board of Directors of Dover Corporation (NYSE: DOV) today increased its quarterly cash dividend to $0.515 (fifty-one and one-half cents) per share, from the previous $0.51 (fifty-one cents) per share, an increase of $0.005 (one-half cent). This is the 69^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 16, 2024, to shareholders of record as of August 30, 2024.

About Dover:

Dover is a diversified global manufacturer and solutions provider with annual revenue of over $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 approximately 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:
Jack Dickens
Senior Director - Investor Relations
(630) 743-2566
jdickens@dovercorp.com

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

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SOURCE Dover

FAQ

What is Dover's new quarterly dividend amount for 2024?

Dover's new quarterly dividend amount for 2024 is $0.515 per share, an increase of $0.005 from the previous $0.51 per share.

When will Dover (DOV) pay its increased dividend in 2024?

Dover (DOV) will pay its increased dividend on September 16, 2024, to shareholders of record as of August 30, 2024.

How many consecutive years has Dover increased its annual cash dividend?

Dover has increased its annual cash dividend for 69 consecutive years, demonstrating a long-standing commitment to returning capital to shareholders.

What is the percentage increase in Dover's quarterly dividend for 2024?

Dover's quarterly dividend increase for 2024 is approximately 0.98%, rising from $0.51 to $0.515 per share.