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Dover Corp (NYSE:DOV)
3-Year Average Buyback Ratio
3.90 (As of Sep. 2016)

This is the average share buyback rate of the company over the past 3 years. A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.

DOV' s 3-Year Average Buyback Ratio Range Over the Past 10 Years
Min: -0.2   Max: 3.9
Current: 3.9

-0.2
3.9

During the past 13 years, Dover Corp's highest 3-Year Average Share Buyback Ratio was 3.90. The lowest was -0.20. And the median was 2.20.

DOV's 3-Year Average Buyback Ratio is ranked higher than
96% of the 930 Companies
in the Global Diversified Industrials industry.

( Industry Median: -1.30 vs. DOV: 3.90 )

Definition

This is the average share buyback rate of the company over the past 3 years.


Explanation

A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.


Be Aware

Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.


Related Terms

Net Income

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