Dividend Growth of Dover Corporation(DOV)

Dover Corporation(DOV) is having a Dividend Yield of 2.2% with the Annual cash Dividend per share of $1.72. The last quarter cash dividend per share pay out was $0.44. Dover Corporation has a 5 year average dividend yield of 2.16% and the stock has a Indicated annual dividend of $1.76. Dover Corporation(DOV) formally announced its most recent dividend on February 13, 2017 with a Dividend per share of $0.44. The new indicated annual dividend based on announced dividend per share is $1.76. The dividend yield based on the forward looking indicated annual dividend is 2.2%. Dover Corporation(DOV) has the most recent dividend payout ratio of 0.59 with a 5-year average payout ratio of 0.37. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.22. The 5 year historical dividend growth of Dover Corporation(DOV) is at the rate of 6.78% while the R-Squared dividend growth is 0.94. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

Dover Corporation (NYSE:DOV) witnessed a decline in the market cap on Thursday as its shares dropped 0.21% or 0.17 points. After the session commenced at $80.29, the stock reached the higher end at $80.29 while it hit a low of $79.26. With the volume soaring to 798,210 shares, the last trade was called at $79.98. The company has a 52-week high of $82.32. The company has a market cap of $12,437 million and there are 155,502,310 shares in outstanding. The 52-week low of the share price is $58.15. Shares of Dover Corporation rose by 1.43% in the last five trading days and 2.02% for the last 4 weeks. Dover Corporation is up 12.45% in the last 3-month period. Year-to-Date the stock performance stands at 6.74%.

Currently the company Insiders own 2.6% of Dover Corporation shares according to the proxy statements. Institutional Investors own 84.57% of Dover Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -3.92%. Company has reported several Insider transactions to the SEC, on Nov 15, 2016, Jay L Kloosterboer (Senior Vice President) sold 11,501 shares at 70.25 per share price.On Nov 14, 2016, Michael B Stubbs (director) sold 19,000 shares at 71.58 per share price.On Oct 28, 2016, Sandra A Arkell (Vice President and Controller) sold 565 shares at 68.73 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Stifel on Jan 27, 2017 to Hold, Raises Price Target to $ 85 from a previous price target of $76 .Company shares were Upgraded by UBS on Jan 6, 2017 to Buy, Raises Price Target to $ 90 from a previous price target of $65 .Company shares were Reiterated by Stifel on Dec 13, 2016 to Hold, Raises Price Target to $ 76 from a previous price target of $72 .

Dover Corp Last issued its quarterly earnings results on Jan 26, 2017. The company reported $0.71 EPS for the quarter, missing the analyst consensus estimate by $ -0.04. Analyst had a consensus of $0.75. The company had revenue of $177.96 million for the quarter, compared to analysts expectations of $1707.83 million. The companys revenue was down -89.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.81 EPS.

Dover Corporation is a world-wide, diversified manufacturer of industrial products. The companys businesses are divided into the following four business segments: Dover Diversified; Dover Industries; Dover Resources; and Dover Technologies.


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