Dover Corporation (NYSE:DOV) is included among the 10 Best Rising Dividend Stocks to Buy Now.
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Dover Corporation is an American company that specializes in industrial products, which serve a wide range of industries, including energy, transportation, healthcare, retail refrigeration, and electronics. The company balances short-cycle products, which are sold frequently and in high volumes, with longer-cycle project components, allowing it to navigate economic fluctuations while pursuing opportunities across multiple sectors.
Recently, Dover Corporation’s management has concentrated on increasing sales of higher-margin products while actively controlling costs, leading to a notable rise in profitability. The company is also pursuing growth through acquisitions. In early August, it completed the purchase of Site IQ, a specialist in fueling site monitoring products, which has been integrated into Dover’s fueling solutions division.
On August 11, Dover Corporation announced a modest but steady 1% increase in its quarterly dividend, extending its dividend growth streak to 69 years. The company currently pays a quarterly dividend of $0.52 per share, providing a yield of 1.16%, as of October 28.
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