June 21, 2026 a 07:31 am
DOV: Dividend Analysis - Dover Corporation
The dividend profile of Dover Corporation reveals a stable dividend history with a consistent growth pattern. Despite a relatively low dividend yield, the company's financial health demonstrates strong payout ratios, suggesting a secure dividend continuity. With a dividend history spanning 45 years, this makes it attractive for long-term dividend investors.
📊 Overview
The overview provides a detailed assessment of Dover Corporation’s dividend performance, sector positioning, and recent dividend activity.
| Metric | Value |
|---|---|
| Sector | Industrial |
| Dividend yield | 0.98% |
| Current dividend per share | $2.06 |
| Dividend history | 45 years |
| Last cut or suspension | None |
📈 Dividend History
Analyzing the dividend history is crucial as it showcases the company's ability to maintain and grow its dividends, which is a testament to its financial stability.
| Year | Dividend Per Share |
|---|---|
| 2026 | $1.04 |
| 2025 | $2.07 |
| 2024 | $2.05 |
| 2023 | $2.03 |
| 2022 | $2.01 |
📈 Dividend Growth
The dividend growth analysis underscores how well Dover Corporation has been increasing its dividend, which is a key indicator of long-term financial health and investor appeal.
| Time | Growth |
|---|---|
| 3 years | 0.98% |
| 5 years | 0.99% |
The average dividend growth is 0.99% over 5 years. This shows moderate but steady dividend growth.
📉 Payout Ratio
Evaluating payout ratios provides insight into how well the dividend is covered by earnings and cash flows.
| Key figure ratio | Value |
|---|---|
| EPS-based | 25.27% |
| Free cash flow-based | 24.41% |
The EPS-based payout ratio of 25.27% and FCF-based ratio of 24.41% indicate a sustainable dividend policy, with capacity for future dividend growth.
💸 Cashflow & Capital Efficiency
Cashflow analysis is vital for assessing the company's capacity to cover its operational activities while maintaining efficient capital management.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Free Cash Flow Yield | 4.17% | 2.25% | 5.32% |
| Earnings Yield | 4.08% | 10.44% | 4.91% |
| CAPEX to Operating Cash Flow | 16.93% | 22.39% | 14.41% |
| Stock-based Compensation to Revenue | 0.54% | 0.52% | 0.41% |
| Free Cash Flow / Operating Cash Flow Ratio | 83.54% | 77.61% | 85.59% |
The steady cashflow yields and efficient CAPEX suggest robust operational efficiency and healthy capital returns.
📊 Balance Sheet & Leverage Analysis
The balance sheet analysis is vital to understanding the company's financial stability, liquidity, and leverage.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Debt-to-Equity | 0.51 | 0.45 | 0.72 |
| Debt-to-Assets | 0.28 | 0.25 | 0.32 |
| Debt-to-Capital | 0.34 | 0.31 | 0.42 |
| Net Debt to EBITDA | 1.13 | 0.59 | 2.10 |
| Current Ratio | 1.87 | 2.04 | 1.40 |
| Quick Ratio | 1.28 | 1.52 | 0.90 |
| Financial Leverage | 1.81 | 1.80 | 2.22 |
The metrics indicate a stable and well-leveraged balance sheet, supporting Dover’s ability to finance operations and dividends without excessive debt reliance.
⚙️ Fundamental Strength & Profitability
Assessing profitability and fundamental strength helps gauge the efficiency and operational profitability of Dover Corporation.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Return on Equity | 14.77% | 38.79% | 20.70% |
| Return on Assets | 8.15% | 21.56% | 9.31% |
| Net Margin | 13.52% | 34.82% | 13.75% |
| EBIT Margin | 18.34% | 24.38% | 16.32% |
| EBITDA Margin | 23.03% | 28.74% | 20.29% |
| Gross Margin | 39.77% | 38.20% | 37.32% |
The robust profitability margins and returns suggest Dover's effectiveness in leveraging its assets and equity for shareholder value.
📉 Price Development
🌟 Dividend Scoring System
An individualized assessment of Dover’s dividend strength across various parameters.
| Criteria | Score |
|---|---|
| Dividend yield | 2 |
| Dividend Stability | 4 |
| Dividend growth | 3 |
| Payout ratio | 5 |
| Financial stability | 4 |
| Dividend continuity | 5 |
| Cashflow Coverage | 4 |
| Balance Sheet Quality | 4 |
Total Score: 31/40
✅ Rating
In conclusion, Dover Corporation is rated as a solid dividend payer with a strong history of dividend payments and a robust financial foundation. It is recommended for investors seeking stable, albeit modest, yield growth.
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