Dover (DOV) Dividend Payout Ratio: 0.30 (As of Mar. 2026) — Near Median


DOV Dover Corp DOV
88 GF Score
Price $225.96
GF Value $197.25
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Dover Dividend Payout Ratio?

Dover DOV -2.07% 88 Dividend Payout Ratio is 0.30 as of Mar. 2026, which is 3% above its 10-year median of 0.29. GuruFocus rates DOV with a GF Score™ of 88/100 and a GF Value™ of $197.25 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,723 Industrial Products companies, Dover ranks better than 75.16% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Dover's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.30.

The historical rank and industry rank for Dover's Dividend Payout Ratio or its related term are showing as below:

DOV' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.22   Med: 0.29   Max: 0.61
Current: 0.22

During the past 13 years, the highest Dividend Payout Ratio of Dover was 0.61. The lowest was 0.22. And the median was 0.29.

DOV's Dividend Payout Ratio is ranked better than
75.16% of 1723 companies
in the Industrial Products industry
Industry Median: 0.37 vs DOV: 0.22

As of today (2026-06-27), the Dividend Yield % of Dover is 0.91%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Dover was 3.25%. The lowest was 0.89%. And the median was 1.54%.

Dover's Dividends per Share for the months ended in Mar. 2026 was $0.52.

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 1.00% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 2.10% per year.

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 7.50% per year.

The growth rate is calculated with least square regression.

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

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Dover (NYSE:DOV) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Dover Dividend Payout Ratio Related Terms

Dover Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Dover's Dividend Payout Ratio can be seen below:

* 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 Dividend Payout Ratio Chart

Dover Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.26 0.24 0.23 0.25 0.22

Dover Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.30 0.21 0.20 0.21 0.30

DOV vs IR, OTIS, XYL: Dividend Payout Ratio Comparison

For the Specialty Industrial Machinery subindustry, Dover's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Dover's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Dover's Dividend Payout Ratio falls into.


DOV
88GF Score
Dover Corp DOV
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Dover Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Dover's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=2.07/ 9.61
=0.22

Dover's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=0.52/ 1.76
=0.30

* 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.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.30 mean?
Dover (DOV) has a Dividend Payout Ratio of 0.30 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Dover and its competitors. This is near median its historical median of 0.29. Over the past decade, Dover's Dividend Payout Ratio has ranged from 0.22 to 0.61. According to the industry distribution chart, Dover ranks #428 out of 1723 companies in the Industrial Products industry, placing it in the top 24.8%.
Is Dover's Dividend Payout Ratio too high?
Dover's current Dividend Payout Ratio of 0.30 is near median its 10-year median of 0.29. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 0.61. The Industrial Products industry median Dividend Payout Ratio is 0.37. Dover's value of 0.30 is 18.9% below this industry median. Based on the distribution chart, Dover ranks #428 out of 1723 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Dover has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dover's Dividend Payout Ratio compare to IR and OTIS?
According to the Industrial Products industry distribution chart, Dover ranks #428 out of 1723 companies for Dividend Payout Ratio. This places Dover in the top 25% of its industry — outperforming the majority of peers. The industry median Dividend Payout Ratio is 0.37. Dover's value of 0.30 is 18.9% below this benchmark. Historically, Dover's own Dividend Payout Ratio has ranged from 0.22 to 0.61 over the past decade. While the company's 10-year median is 0.29 vs. the industry median of 0.37, Dover has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for an Industrial Products company?
The median Dividend Payout Ratio among Industrial Products companies is 0.37, based on 1,723 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dover's current Dividend Payout Ratio of 0.30 is 18.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Dover and its competitors. For the Industrial Products industry, the median Dividend Payout Ratio is 0.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dover's current Dividend Payout Ratio is 0.30, which is near median its own 10-year median of 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dover stock overvalued right now?
Based on GuruFocus' analysis, Dover (DOV) is currently considered Modestly Overvalued. The stock's GF Value™ is $197.25, compared to a current price of $225.96 — trading 14.6% above its estimated fair value. The current Dividend Payout Ratio is 0.30, which is near median its 10-year median of 0.29 and 18.9% below the Industrial Products industry median of 0.37. Dover's overall GF Score™ is 88/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Dover (DOV), the current Dividend Payout Ratio is 0.30 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Dover (DOV) Overvalued in 2026?

Based on GuruFocus' analysis, Dover stock appears to be overvalued. The current stock price of $225.96 is trading 14.6% above its estimated GF Value™ of $197.25. GuruFocus considers Dover to be Modestly Overvalued.

Key valuation signals for DOV:

  • Dividend Payout Ratio: 0.30 (near median its 10-year median of 0.29)
  • GF Value™: $197.25 vs. price of $225.96 (14.6% above fair value)
  • GF Score™: 88/100 with 6 warning signs
  • Industry Position: 18.9% below the Industrial Products median (#428 of 1723)

No single metric tells the full story. See the DOV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Dover Business Description

Address 3005 Highland Parkway, Downers Grove, IL, USA, 60515
Founded in 1955 by George Ohrstrom, Dover has become an industrial behemoth through the acquisition of dozens of esteemed brands. The company is organized into five segments through which it designs and manufactures highly engineered components, such as vehicle repair, factory automation, welding, aerospace, fuel dispensing, printing, liquid handling, refrigeration, and can-making equipment. It has operations around the globe but generates over half of its revenue in the United States.
88GF Score

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Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$225.96
Price
$197.25
GF Value