Dover Corporation (DOV) will raise its quarterly dividend by 6.8 percent to $0.47 per share. This increased dividend will be paid on September 15, 2017 to shareholders of record as of August 31, 2017. It's the 62nd year of consecutive dividend increases by the industrial company.

Based on Friday's closing price of $86.54 the new dividend yield for Dover is 2.2%. Year-to-date the stock has gained 15.5%, translating into a current market cap of $13.5 billion for Dover.

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.