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The New York group Dover Corp. (ISIN: US2600031080, NYSE: DOV) will pay its shareholders a quarterly dividend of $0.505. Payment will be made on September 15, 2022 (record day: August 31, 2022). The group is thus increasing the dividend by 1 percent or 0.005 US cents. In the previous quarter, $0.50 was paid out. The increase equates to an annual payout of $2.02.
The current dividend yield is 1.52 percent at the stock price of $132.46 (as of August 4, 2022). Dover is increasing its payout for the 67th year in a row.
Dover Corporation is a manufacturer of industrial products and employs over 25,000 people. For the second quarter ended June 30 of fiscal 2022, the company had revenue of $2.16 billion compared to $2.03 billion in the prior year, as reported on July 21, 2022. Adjusted earnings (non-GAAP) were $309 million (prior year: $299 million).
Since the beginning of 2022, the share has been down 27.06 percent on the current price basis on Wall Street. The current market cap is $19.12 billion (as of August 4, 2022).
Editorial team MyDividends.de
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