NEW YORK (
) -- The ex-dividend date for
) is Monday, August 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 32 cents per share. At a price of $52.58 as of 9:35 a.m. ET, the dividend yield is 2.3%.
The average volume for Dover has been 1.8 million shares per day over the past 30 days. Dover has a market cap of $10.2 billion and is part of the
industry. Shares are down 9.6% year to date as of the close of trading on Thursday.
Dover Corporation and its subsidiaries manufacture industrial products and components, as well as provide related services and consumables in the United States and internationally. The company has a P/E ratio of 12.2, above the average industrial industry P/E ratio of 12 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Dover as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full