Dover Corporation (DOV) will raise its quarterly dividend by 14.5 percent to $0.315 per share in 2011. Last year the industrial company hiked its dividend by 1.5 cents to 27.5 cents per share quarterly.
The increased dividend is payable on September 15, 2011 to shareholders of record at the close of business on August 31, 2011. The ex-date for his next dividend of 35 cents per share is August 29, 2011.
Dover Corporation is a diversified global manufacturer delivering equipment and components, specialty systems, consumable supplies, software and digital solutions and support services. The company's operating segments are: Engineered Systems, Fluids, Refrigeration & Food Equipment and Energy.