Dover Corporation Increases Dividend By 14.5%

56th Consecutive Annual Dividend Increase

News provided by

Aug 04, 2011, 03:39 ET

DOWNERS GROVE, Ill., Aug. 4, 2011 /PRNewswire-FirstCall/ -- The Board of Directors of Dover Corporation (NYSE: DOV) today increased its quarterly cash dividend to $0.315 (thirty-one and one half cents) per share, from the previous $0.275 (twenty-seven and one half cents) per share, an increase of 14.5%. The increased dividend will be paid on September 15, 2011 to shareholders of record as of August 31, 2011.

Dover noted that this is the 56th consecutive year in which the Company has paid an increased cash dividend, giving it the fourth longest record of consecutive annual dividend increases of all listed companies, as reported by Mergent's Dividend Achievers.

Dover Corporation is a global manufacturer providing innovative components and equipment, specialty systems and support services for a variety of applications in the industrial products, engineered systems, fluid management and electronic technologies markets. For more information, please visit www.dovercorporation.com.

SOURCE Dover Corporation