Dover Corporation
DOV43 yrs growthIndustrials · Stock · quarterly payer
Forward Yield
1.11%
Annual Dividend
$2.10
Payout Ratio
25%
5-Yr Growth
1.0%
Ex-Date
Aug 31, 2026
Frequency
Quarterly
Summary
As of September 2026, Dover Corporation (DOV) yields 1.11% ($2.10 per share annually), with a blended fair-value estimate of $151.08 — -24% downside, so it screens as overvalued. Dividend safety grade: A (99/100). 43 years of dividend growth.
Is DOV a good dividend stock?
YesDover Corporation (DOV) pays a quarterly dividend yielding 1.11% ($2.10/yr), with 43 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Dividend Aristocrat — 43 consecutive years of growth
- Never cut its dividend on record
- Comfortable payout ratio (25%)
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 1.11%
- Payout Ratio
- 25%
- Annual Dividend
- $2.10
- 5-Yr Avg Growth
- 1.0%
- Ex-Dividend Date
- Aug 31, 2026
- Years of Growth
- 43
- Frequency
- quarterly
- Beta
- 1.16
- Market Cap
- $25.7B
- P/E Ratio
- 22.8
- 5-Yr Total Return
- 28%
- 52-Week Range
- $158.97 – $237.54
- Dividend Safety
- A · 99/100
- Ever Cut?
- No
Frequently Asked Questions
DOV Price — Last 12 Months
Daily close
Price Return
1 Year
+19%
3 Years
+42%
5 Years
+28%
52-Week Range
$158.97 – $237.54
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is DOV worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Dover Corporation is $151.08 per share, versus a market price of $198.68. That implies 24% of downside.
Fair Value
$151.08
Current Price
$198.68
Downside
-24%
Margin of Safety
-32%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 9.9% — so the price already assumes faster growth than we think is likely.
Assumptions: 10.1% discount rate (CAPM), 9.9% stage-1 growth, 2.5% terminal growth, $8.15 EPS, $2.10 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
DOV Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 31, 2026 | — | $0.5250 | regular |
| May 29, 2026 | — | $0.5200 | regular |
| Feb 27, 2026 | — | $0.5200 | regular |
| Nov 28, 2025 | — | $0.5200 | regular |
| Aug 29, 2025 | — | $0.5200 | regular |
| May 30, 2025 | — | $0.5150 | regular |
| Feb 28, 2025 | — | $0.5150 | regular |
| Nov 29, 2024 | — | $0.5150 | regular |
| Aug 30, 2024 | — | $0.5150 | regular |
| May 31, 2024 | — | $0.5100 | regular |
| Feb 28, 2024 | — | $0.5100 | regular |
| Nov 29, 2023 | — | $0.5100 | regular |
| Aug 30, 2023 | — | $0.5100 | regular |
| May 30, 2023 | — | $0.5050 | regular |
Income Calculator
At $2.10 / yr per share
