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Data last updated: Oct 16, 2026
Snapshot (as of Oct 16, 2026): Dover Corporation (DOV) pays a $2.08 annual dividend ($0.53 quarterly), yielding 1.08% at $195.51/share. Next ex-dividend date 2026-08-31. 41 consecutive years of dividend growth (Dividend Aristocrat). Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 1.08%
Annual Dividend: $2.08 per share
Payout Ratio: 25.1%
Ex-Dividend Date: 2026-08-31
Dividend Frequency: quarterly
Sector: Industrials
Years of Dividend History: 45
Dover Corporation dividend history spans 41 consecutive years of increases, making DOV one of the more durable income names in the industrials sector. The company manufactures specialty equipment and components across five segments, from refrigeration systems and precision marking equipment to specialty pumps and clean energy fueling solutions. Dover pays quarterly, with a trailing annual dividend rate of $2.08 per share and an ex-dividend date of August 31, 2026. A beta of 1.126 means DOV moves slightly more than the broader market, so this stock fits dividend investors who prioritize growth longevity over yield size.
Dover Corporation pays out 25.1% of earnings as dividends, a payout ratio classified as conservative (below 40%). That low payout leaves substantial room to sustain and grow the dividend even if earnings soften, and Dover's business spans essential industrial end-markets including vehicle aftermarket services, pharmaceutical packaging, and commercial refrigeration. Dover Corporation dividend safety is further supported by the fact that the payout has not been cut in any year visible in the available history. The main pressure point is DOV's beta of 1.126, which means earnings can move with broader industrial cycles.
Dover Corporation dividend history shows a CAGR of 7.1% per year from 2011 to 2025. The per-share dividend grew from $0.79 to $2.07 over that window (2026 data is partial and excluded from the rate calculation). The smallest annual increase in the window was 1.0% in 2021, a notable slowdown from the 28.8% jump recorded in 2014.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +1.0% | $2.01 (2022) | $2.07 (2025) |
| 5-Year | +1.0% | $1.97 (2020) | $2.07 (2025) |
| 10-Year | +4.6% | $1.32 (2015) | $2.07 (2025) |
Dover Corporation suits dividend investors who value a long, unbroken increase streak over a high current yield. The yield sits at 1.11%, classified as low (below 2%), and runs slightly below its own 5-year average of 1.2%. What DOV offers instead is 41 consecutive years of dividend increases, Dividend Aristocrat status, and a 7.1% annual growth rate over the past 14 years. The trade-off is straightforward: income today is modest, but the payout has compounded steadily and the 25.1% payout ratio leaves room for that to continue. Investors who need immediate income will find the yield limiting; those focused on dividend growth get a long, data-backed record.
DOV is a Dividend Aristocrat with 41 consecutive years of dividend increases.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-31 | $0.5250 |
| 2026-05-29 | $0.5200 |
| 2026-02-27 | $0.5200 |
| 2025-11-28 | $0.5200 |
| 2025-08-29 | $0.5200 |
| 2025-05-30 | $0.5150 |
| 2025-02-28 | $0.5150 |
| 2024-11-29 | $0.5150 |
| 2024-08-30 | $0.5150 |
| 2024-05-31 | $0.5100 |
| Year | Total Dividends |
|---|---|
| 2026 | $1.5650 |
| 2025 | $2.0700 |
| 2024 | $2.0500 |
| 2023 | $2.0300 |
| 2022 | $2.0100 |
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