Dover Corporation (NYSE:DOV) is included among the 15 Dividend Stocks that Have Raised Payouts for 20+ Years.
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On October 15, JPMorgan raised its price target for Dover Corporation from $217 to $220 while maintaining an Overweight rating on the stock. The update came as part of its Q3 earnings preview for the electrical equipment and multi-industry sector. The firm noted a slightly cautious stance toward the group in the near term but said valuations now appear more appealing. JPMorgan also indicated a preference for value-oriented stocks that currently have negative market positioning going into the quarter.
Dover Corporation also appeals to income-focused investors thanks to its impressive dividend history. The company has increased its dividend for 69 consecutive years, making it one of the longest dividend growth streaks in the market. Currently, it offers a quarterly dividend of $0.52 per share and has a dividend yield of 1.25%, as of October 16.
Based in the US, Dover Corporation is a diversified industrial manufacturer that produces a wide range of equipment, components, consumables, aftermarket parts, and digital solutions.
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