NEW YORK (
) -- The ex-dividend date for
) is Monday, November 28, 2011. Owners of shares as of market close today will be eligible for a dividend of 32 cents per share. At a price of $50.30 as of 9:30 a.m. ET, the dividend yield is 2.5%.
The average volume for Dover has been 2.1 million shares per day over the past 30 days. Dover has a market cap of $9.62 billion and is part of the
industry. Shares are down 13.8% year to date as of the close of trading on Wednesday.
Dover Corporation manufactures and sells industrial products and components, and consumables. The company operates in four segments: Industrial Products, Engineered Systems, Fluid Management, and Electronic Technologies. The company has a P/E ratio of 11.3, below the average industrial industry P/E ratio of 12.1 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 robust revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, growth in earnings per share and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full