Dividend Aristocrat Dover Corp raises dividend for 67th year in 2022

Dover Corporation (DOV) will raise its dividend by 1.0 percent this year. This is a very small dividend hike by the industrial company but ensures that the dividend track record will be remained.

Dividend Aristocrat Dover will increase its quarterly dividend to $0.505 per share, marking the 67th consecutive year of dividend increases.

The Board of Directors of Dover on August 4, 2022 increased its quarterly cash dividend to $0.505 (fifty and one-half cents) per share, from the previous $0.50 (fifty cents) per share, an increase of $0.005 (one-half cent). This is the 67th consecutive year in which the Company has increased its annual cash dividend, demonstrating Dover's longstanding commitment to returning capital to shareholders.

This increased DOV dividend will be paid on September 15, 2022, to shareholders of record as of August 31, 2022. At a stock price of $136 the dividend yield for Dover Corporation is 1.5%. Another Dividend Aristocrat raising its dividend recently is Illinois Tool Works (ITW).

Dover is a diversified global manufacturer and solutions provider delevering innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Fueling Solutions, Imaging & Identification, Pumps & Process Solutions and Refrigeration & Food Equipment. Dover combines global scale with operational agility to lead the markets we serve. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV."