Dover Corporation
DOV43 yrs growthIndustrials · Specialty Industrial Machinery · Stock · quarterly payer
Forward Yield
1.01%
Annual Dividend
$2.10
Payout Ratio
24%
5-Yr Growth
1.0%
Ex-Date
Aug 31, 2026
Frequency
Quarterly
Key facts about DOV's dividend
Data as of · Source: SmarterDividends data
- As of Oct 30, 2026, Dover Corporation (DOV) has a forward dividend yield of 1.01%, based on an annual dividend of $2.10 per share and a share price of $210.37.
- As of Oct 30, 2026, DOV's dividend safety grade from SmarterDividends is A (99 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, Dover Corporation (DOV) has raised its dividend for 43 consecutive years as of Oct 30, 2026, which makes it a Dividend Aristocrat by the 25-year definition.
- DOV has never cut its regular dividend in the payment history SmarterDividends has on record.
- DOV's most recent ex-dividend date was Aug 31, 2026, for a dividend of $0.53 per share.
- As of Oct 30, 2026, DOV pays out 24% of its trailing 12-month earnings as dividends (its payout ratio).
- DOV's dividend has grown at an average rate of 1.0% a year over the past five years.
- As of Oct 30, 2026, DOV's 1.01% yield is 21% below its five-year average yield of 1.28%.
- As of Oct 30, 2026, SmarterDividends' blended fair-value estimate for DOV is $135.99 per share, 35% below the $210.37 share price, so DOV screens as overvalued.
- Dover Corporation (DOV) pays its dividend quarterly, 4 times a year.
- Dover Corporation (DOV) has raised its regular dividend 47 times and cut it 0 times across the 176 payments on record since 1982. Its most recent change was a 1.0% increase to $0.525 per share, going ex-dividend on Aug 31, 2026.
- Dover (DOV) has declared its first higher dividend of the year in August in 5 of the last 5 years; its most recent raise, 1.0%, was declared on Aug 7, 2026.
Cite this page
SmarterDividends, "DOV Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 30, 2026, https://smarterdividends.com/stocks/DOV
Summary
As of Oct 30, 2026, Dover Corporation (DOV) yields 1.01% ($2.10 a year per share), has a dividend safety grade of A (99/100) and has 43 consecutive years of dividend increases on record.
Is DOV a good dividend stock?
YesDover Corporation (DOV) pays a quarterly dividend yielding 1.01% ($2.10/yr), with 43 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Dividend Aristocrat — 43 consecutive years of growth
- Never cut its dividend on record
- Comfortable payout ratio (24%)
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 1.01%
- Payout Ratio
- 24%
- Annual Dividend
- $2.10
- 5-Yr Avg Growth
- 1.0%
- Ex-Dividend Date
- Aug 31, 2026
- Years of Growth
- 43
- Frequency
- quarterly
- Beta
- 1.13
- Market Cap
- $28.0B
- P/E Ratio
- 24.5
- 5-Yr Total Return
- 27%
- 52-Week Range
- $176.40 – $237.54
- Dividend Safety
- A · 99/100
- Ever Cut?
- No
DOV dividend raises and cuts
Dover Corporation (DOV) has raised its regular dividend 47 times and cut it 0 times across the 176 payments on record since 1982. Its most recent change was a 1.0% increase to $0.525 per share, going ex-dividend on Aug 31, 2026.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Aug 31, 2026 | Raise | $0.520 → $0.525 | +1.0% |
| Aug 29, 2025 | Raise | $0.515 → $0.520 | +1.0% |
| Aug 30, 2024 | Raise | $0.510 → $0.515 | +1.0% |
| Aug 30, 2023 | Raise | $0.505 → $0.510 | +1.0% |
| Aug 30, 2022 | Raise | $0.500 → $0.505 | +1.0% |
| Aug 30, 2021 | Raise | $0.495 → $0.500 | +1.0% |
| Aug 28, 2020 | Raise | $0.490 → $0.495 | +1.0% |
| Aug 29, 2019 | Raise | $0.480 → $0.490 | +2.1% |
| Aug 30, 2018 | Raise | $0.470 → $0.480 | +2.1% |
| May 30, 2018 | Raise | $0.380 → $0.470 | +23.8% |
| Aug 29, 2017 | Raise | $0.355 → $0.380 | +6.8% |
| Aug 29, 2016 | Raise | $0.339 → $0.355 | +4.8% |
Show all 47 changes since 1982
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Aug 27, 2015 | Raise | $0.323 → $0.339 | +5.0% |
| Aug 27, 2014 | Raise | $0.303 → $0.323 | +6.7% |
| Mar 12, 2014 | Raise | $0.251 → $0.303 | +20.5% |
| Aug 28, 2013 | Raise | $0.235 → $0.251 | +7.1% |
| Aug 29, 2012 | Raise | $0.211 → $0.235 | +11.1% |
| Aug 29, 2011 | Raise | $0.184 → $0.211 | +14.5% |
| Aug 27, 2010 | Raise | $0.174 → $0.184 | +5.8% |
| Aug 27, 2009 | Raise | $0.168 → $0.174 | +4.0% |
| Aug 27, 2008 | Raise | $0.134 → $0.168 | +25.0% |
| Aug 29, 2007 | Raise | $0.124 → $0.134 | +8.1% |
| Aug 29, 2006 | Raise | $0.114 → $0.124 | +8.8% |
| Aug 29, 2005 | Raise | $0.107 → $0.114 | +6.2% |
| Nov 26, 2004 | Raise | $0.101 → $0.107 | +6.7% |
| Aug 27, 2003 | Raise | $0.0905 → $0.101 | +11.1% |
| Aug 29, 2001 | Raise | $0.0838 → $0.0905 | +8.0% |
| Aug 29, 2000 | Raise | $0.0771 → $0.0838 | +8.7% |
| Aug 27, 1999 | Raise | $0.0704 → $0.0771 | +9.5% |
| Aug 27, 1998 | Raise | $0.0637 → $0.0704 | +10.5% |
| Aug 27, 1997 | Raise | $0.0570 → $0.0637 | +11.8% |
| Aug 28, 1996 | Raise | $0.0503 → $0.0570 | +13.3% |
| Aug 29, 1995 | Raise | $0.0436 → $0.0503 | +15.4% |
| Aug 24, 1994 | Raise | $0.0385 → $0.0436 | +13.0% |
| Aug 24, 1993 | Raise | $0.0369 → $0.0385 | +4.5% |
| Aug 24, 1992 | Raise | $0.0352 → $0.0369 | +4.8% |
| Aug 22, 1991 | Raise | $0.0335 → $0.0352 | +5.0% |
| Aug 22, 1990 | Raise | $0.0302 → $0.0335 | +11.1% |
| Aug 22, 1989 | Raise | $0.0285 → $0.0302 | +5.9% |
| Dec 5, 1988 | Raise | $0.0282 → $0.0285 | +0.9% |
| Aug 22, 1988 | Raise | $0.0235 → $0.0282 | +20.4% |
| Aug 24, 1987 | Raise | $0.0193 → $0.0235 | +21.7% |
| Aug 22, 1986 | Raise | $0.0184 → $0.0193 | +4.5% |
| Aug 22, 1985 | Raise | $0.0172 → $0.0184 | +7.3% |
| Aug 24, 1984 | Raise | $0.0155 → $0.0172 | +10.8% |
| Aug 25, 1983 | Raise | $0.0147 → $0.0155 | +5.7% |
| Aug 25, 1982 | Raise | $0.0138 → $0.0147 | +6.1% |
Frequently Asked Questions
Is DOV a good dividend stock?
Yes. Dover Corporation (DOV) pays a quarterly dividend yielding 1.01% ($2.10/yr), with 43 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is DOV undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, DOV's fair value is about $135.99 versus a $210.37 share price — so it looks overvalued (-35% vs. fair value).
Is DOV's dividend safe?
DOV has a dividend-safety grade of A (99/100), based on its payout coverage, free-cash-flow, 43-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is DOV's fair value?
Our blended fair-value estimate for DOV is about $135.99 per share, about 35% below the current $210.37 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is DOV a buy, hold, or sell?
We don't issue formal ratings, but on the data DOV screens as "yes" and overvalued. Dover Corporation (DOV) pays a quarterly dividend yielding 1.01% ($2.10/yr), with 43 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will DOV cut its dividend?
DOV earns a dividend-safety grade of A (99/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does DOV pay a dividend?
Yes. Dover Corporation pays a quarterly dividend of about $2.10 per share annually, a forward yield of roughly 1.01%.
What is DOV's dividend yield?
As of Oct 30, 2026, DOV's forward dividend yield is 1.01%, based on a $2.10 annual dividend and a $210.37 share price.
What is DOV's dividend per share?
As of Oct 30, 2026, DOV pays $2.10 per share per year, distributed on a quarterly basis.
What is DOV's dividend payout ratio?
As of Oct 30, 2026, DOV's payout ratio is 24% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has DOV grown its dividend?
As of Oct 30, 2026, DOV has increased its dividend for 43 consecutive years.
When is the next DOV ex-dividend date?
As of Oct 30, 2026, DOV's next ex-dividend date hasn't been announced. The most recent was Aug 31, 2026, for $0.53 per share.
DOV Price — Last 12 Months
Daily close
Price Return
1 Year
+12%
3 Years
+47%
5 Years
+27%
52-Week Range
$176.40 – $237.54
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is DOV worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Dover Corporation is $135.99 per share, versus a market price of $210.37. That implies 35% of downside.
Fair Value
$135.99
Current Price
$210.37
Downside
-35%
Margin of Safety
-55%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 16.8% annual free-cash-flow growth. We model 7.4% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.9% discount rate (CAPM), 7.4% growth for five years fading to 2.5% over the next five, $8.09 EPS, $2.10 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
DOV Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full DOV dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 31, 2026 | Sep 15, 2026 | $0.5250 | regular |
| May 29, 2026 | Jun 15, 2026 | $0.5200 | regular |
| Feb 27, 2026 | Mar 13, 2026 | $0.5200 | regular |
| Nov 28, 2025 | Dec 15, 2025 | $0.5200 | regular |
| Aug 29, 2025 | Sep 15, 2025 | $0.5200 | regular |
| May 30, 2025 | Jun 16, 2025 | $0.5150 | regular |
| Feb 28, 2025 | Mar 14, 2025 | $0.5150 | regular |
| Nov 29, 2024 | Dec 16, 2024 | $0.5150 | regular |
| Aug 30, 2024 | Sep 16, 2024 | $0.5150 | regular |
| May 31, 2024 | Jun 14, 2024 | $0.5100 | regular |
| Feb 28, 2024 | Mar 15, 2024 | $0.5100 | regular |
| Nov 29, 2023 | Dec 15, 2023 | $0.5100 | regular |
| Aug 30, 2023 | Sep 15, 2023 | $0.5100 | regular |
| May 30, 2023 | Jun 15, 2023 | $0.5050 | regular |
Income Calculator
At $2.10 / yr per share
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