The ex-dividend date for Dover Corporation (NYSE:DOV) is Tuesday, May 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 32 cents per share. At a price of $58.28 as of 9:30 a.m., the dividend yield is 2.2%.
NEW YORK ( TheStreet) -- The ex-dividend date for Dover Corporation (NYSE: DOV) is Tuesday, May 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 32 cents per share. At a price of $58.28 as of 9:30 a.m. ET, the dividend yield is 2.2%. The average volume for Dover has been 1.6 million shares per day over the past 30 days. Dover has a market cap of $10.61 billion and is part of the industrial goods sector and industrial industry. Shares are down 0.5% year to date as of the close of trading on Thursday. 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 12.5, above the average industrial industry P/E ratio of 12.2 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Dover as a buy. 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, growth in earnings per share, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Dover Ratings Report. See our dividend calendar or top-yielding stocks list.