Dover Stock To Go Ex-dividend Tomorrow (DOV)

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 ( TheStreet) -- The ex-dividend date for Dover Corporation (NYSE: DOV) is tomorrow, November 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $63.70 as of 9:41 a.m. ET, the dividend yield is 2.2%.

The average volume for Dover has been 1.7 million shares per day over the past 30 days. Dover has a market cap of $11.44 billion and is part of the industrial goods sector and industrial industry. Shares are up 10% 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 13.8, below the S&P 500 P/E ratio of 17.7.

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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, expanding profit margins, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Dover Ratings Report.

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