Dover Corporation: Dover Increases Dividend By 7%
DOVER INCREASES DIVIDEND BY 7%
DOWNERS GROVE, Ill., August 4, 2017 - The Board of Directors of Dover (NYSE: DOV) today increased its quarterly cash dividend to $0.47 (forty-seven cents) per share, from the previous $0.44 (forty-four cents) per share, an increase of $0.03 (three cents) or 7%. This is the 62nd consecutive year in which the Company has increased its annual cash dividend. With this increase, Dover has the third longest record of consecutive annual dividend increases of listed companies, as reported by Mergent's Dividend Achievers.
This increased dividend will be paid on September 15, 2017 to shareholders of record as of August 31, 2017.
Dover is a diversified global manufacturer with annual revenue exceeding $7 billion. We deliver innovative equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services through four operating segments: Engineered Systems, Fluids, Refrigeration & Food Equipment and Energy. 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 29,000 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.
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