Dover Increases Dividend By 5%
DOVER INCREASES DIVIDEND BY 5%
Downers Grove, IL, August 6, 2015 - The Board of Directors of Dover (NYSE: DOV) today increased its quarterly cash dividend to $0.42 (forty-two cents) per share, from the previous $0.40 (forty cents) per share, an increase of $0.02 (two cents) or 5%. This is the 60th 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, 2015 to shareholders of record as of August 31, 2015.
Dover is a diversified global manufacturer with annual revenues in excess of $7 billion. We deliver innovative equipment and components, specialty systems and support services through four major operating segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for 60 years, our team of 26,000 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 www.dovercorporation.com.
Vice President - Investor Relations