Dover Corporation (DOV) will raise its quarterly dividend by 11.1 percent to $0.35 per share in 2012. Last year the industrial company hiked its dividend by almost 15 percent to 31.5 cents per share quarterly.
The increased dividend is payable on September 15, 2012 to shareholders of record at the close of business on August 31, 2012. The ex-date for his next dividend of 35 cents per share is August 29, 2012.
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.