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Dover (DOV) 3-Year Dividend Growth Rate

: 1.00% (As of Dec. 2023)
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Dover's Dividends per Share for the three months ended in Dec. 2023 was $0.51.

The historical rank and industry rank for Dover's 3-Year Dividend Growth Rate or its related term are showing as below:

DOV' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 1   Med: 7.6   Max: 15.7
Current: 1

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Dover was 15.70% per year. The lowest was 1.00% per year. And the median was 7.60% per year.

DOV's 3-Year Dividend Growth Rate is ranked worse than
74% of 1096 companies
in the Industrial Products industry
Industry Median: 11.15 vs DOV: 1.00

During the past 12 months, Dover's average Dividends Per Share Growth Rate was 1.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 1.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 1.30% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 3.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Dover's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.21. As of today, Dover's Dividend Yield % is 1.20%.

Warning Sign:

Dover Corp stock dividend yield is close to 10-year low.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the Specialty Industrial Machinery subindustry, Dover's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Dover 3-Year Dividend Growth Rate Distribution

For the Industrial Products industry and Industrials sector, Dover's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Dover's 3-Year Dividend Growth Rate falls into.



Dover 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Dover  (NYSE:DOV) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Dover's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.51/ 2.45
=0.21

During the past 13 years, the highest Dividend Payout Ratio of Dover was 0.62. The lowest was 0.23. And the median was 0.41.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Dover Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.5102024-02-282024-02-292024-03-15Cash DividendquarterlyUSD:USD 1.000000
USD 0.5102023-11-292023-11-302023-12-15Cash DividendquarterlyUSD:USD 1.000000
USD 0.5102023-08-302023-08-312023-09-15Cash DividendquarterlyUSD:USD 1.000000
USD 0.5052023-05-302023-05-312023-06-15Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Dover's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=2.035/169.87
=1.20 %

Current Share Price is $169.87.
Dover's Dividends per Share for the trailing twelve months (TTM) ended in Today is $2.035.

During the past 13 years, the highest Dividend Yield of Dover was 3.89%. The lowest was 1.09%. And the median was 2.17%.

Warning Sign:

Dover Corp stock dividend yield is close to 10-year low.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Dover 3-Year Dividend Growth Rate Related Terms>


Dover (DOV) Business Description

Traded in Other Exchanges
Address
3005 Highland Parkway, Downers Grove, IL, USA, 60515
Dover is a diversified industrial manufacturing company with products and services that include digital printing for fast-moving consuming goods, marking and coding for the food and beverage industry, loaders for the waste collection industry, pumps for the transport of fluids, including petroleum and natural gas, and commercial refrigerators used in groceries and convenience stores. Most of the business operates in the United States. After the spinoff of Apergy, the company operates through five segments: engineered systems, clean energy and fueling solutions, imaging and identification, pumps and process solutions, and climate and sustainability technologies equipment.
Executives
Brad M Cerepak officer: Senior Vice President and CFO C/O DOVER CORPORATION, 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Anthony K Kosinski officer: Vice President, Tax 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Marc A Howze director DEERE & COMPANY, ONE JOHN DEERE PLACE, MOLINE IL 61265
Danita K Ostling director 1665 UTICA AVENUE, ST. LOUIS PARK MN 55416
Michael Mark Manley director 1000 CHRYSLER DRIVE, CIMS 485-09-96, AUBURN HILLS MI 48326
David J. Malinas officer: SVP, Operations 36411 SOUTH PARK DRIVE, AVON OH 44011
Richard J Tobin director, officer: CEO and President 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Kristiane C Graham director C/O DOVER CORPORATION, 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Ivonne M Cabrera officer: SVP and General Counsel C/O DOVER CORPORATION, 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Kimberly Bors officer: SVP, Human Resources C/O DOVER CORPORATION, 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Ryan Paulson officer: VP, Controller 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
James M Moran officer: Vice President, Treasurer C/O DOVER CORPORATION, 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Girish Juneja officer: SVP, Chief Digital Officer 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Deborah L Dehaas director 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Mary A Winston director 557 BROADWAY, C/O SCHOLASTIC CORP, NEW YORK NY 10012