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Data last updated: Jul 06, 2026
Snapshot (as of Jul 06, 2026): Dover Corporation (DOV) pays a $2.08 annual dividend ($0.52 quarterly), yielding 0.97% at $213.71/share. Next ex-dividend date 2026-05-29. 41 consecutive years of dividend growth (Dividend Aristocrat). Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 0.97%
Annual Dividend: $2.08 per share
Payout Ratio: 25.6%
Ex-Dividend Date: 2026-05-29
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 industrial equipment, pumps, refrigeration systems, and precision marking solutions across five operating segments, serving markets from fuel stations to pharmaceutical packaging. At a 0.97% yield, DOV pays $2.08 per share annually in quarterly installments, with the next ex-dividend date on May 29, 2026. A beta of 1.16 means the stock moves with the broader market, so this Dividend Aristocrat suits investors who prioritize growth of income over yield size.
Dover Corporation pays out 25.6% 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 the breadth of Dover Corporation dividend safety is reinforced by the company's diversified revenue base spanning industrial automation, clean energy fueling, climate technologies, and consumable products across multiple end markets. The most meaningful pressure point is the beta of 1.16, which means DOV stock is not immune to broad economic downturns that could compress earnings and narrow that coverage cushion.
Dover Corporation dividend history shows a CAGR of 7.1% per year from 2011 to 2025. The per-share payment grew from $0.79 to $2.07 over that window (2026 is a partial year and excluded from the rate calculation). The smallest annual increase in the window was 1.0% in 2021, which shows that growth, while unbroken, is not always fast.
| 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 fits dividend investors who value a long, unbroken increase streak over a high starting yield. The yield sits at 0.97%, classified as low (below 2%), and tracks closely with its 5-year average of 0.95%, so there is no meaningful yield expansion on offer here. What DOV does deliver is 41 consecutive years of dividend increases, the defining credential of a Dividend Aristocrat. The 25.6% payout ratio keeps the dividend well-covered. The trade-off is straightforward: an investor gets a growing, well-protected income stream from a diversified industrial business, but accepts a yield that will not move the needle on current income.
DOV is a Dividend Aristocrat with 41 consecutive years of dividend increases.
| Payment Date | Amount per Share |
|---|---|
| 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 |
| 2024-02-28 | $0.5100 |
| Year | Total Dividends |
|---|---|
| 2026 | $1.0400 |
| 2025 | $2.0700 |
| 2024 | $2.0500 |
| 2023 | $2.0300 |
| 2022 | $2.0100 |
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