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DOWNERS GROVE, Ill. - Dover Corporation (NYSE:DOV), a $23.8 billion industrial conglomerate, announced Friday it has raised its quarterly cash dividend to $0.52 per share, an increase of half a cent from the previous $0.515 per share. The new dividend represents a 1.18% yield at current share prices.
The dividend will be paid on September 15, 2025, to shareholders of record as of August 29, 2025, according to a company press release.
This marks Dover’s 70th consecutive year of increasing its annual cash dividend, highlighting the diversified global manufacturer’s long-term approach to returning capital to shareholders.
Dover operates through five segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions, and Climate & Sustainability Technologies. The Illinois-based company generates annual revenue exceeding $7 billion and employs approximately 24,000 people globally.
The company’s stock trades on the New York Stock Exchange under the ticker DOV.
In other recent news, Dover Corporation reported its second-quarter 2025 earnings, surpassing analyst expectations with an adjusted earnings per share (EPS) of $2.44, compared to the forecasted $2.39. The company’s revenue also exceeded projections, reaching $2.05 billion against a forecast of $2.04 billion. These results were attributed to cost reductions, productivity improvements, and a favorable product mix that contributed to margin expansion. Additionally, Dover raised the midpoint of its 2025 guidance by $0.15, indicating a positive outlook for the year.
In response to these developments, BofA Securities increased its price target on Dover to $225 from $210, maintaining a Buy rating on the stock. Similarly, RBC Capital raised its price target to $206 from $203, keeping a Sector Perform rating. Dover’s plans for cost savings are expected to contribute at least 2% to its 2026 EPS growth, further bolstering investor confidence. These recent developments underscore the company’s strategic efforts to enhance profitability and maintain a competitive edge in the market.
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