Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
NEW YORK (
) -- The ex-dividend date for
) is tomorrow, August 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $57.64 as of 10:05 a.m. ET, the dividend yield is 2.4%.
The average volume for Dover has been 1.6 million shares per day over the past 30 days. Dover has a market cap of $10.57 billion and is part of the
industry. Shares are down 0.5% year to date as of the close of trading on Monday.
Dover Corporation manufactures and sells a range of specialized products and components, and provides related services and consumables. The company operates in four segments: Communication Technologies, Energy, Engineered Systems, and Printing & Identification. The company has a P/E ratio of 12.9, above the average industrial industry P/E ratio of 12.6 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full