Dover: A Lesser-Known Industrial Dividend Gem

Dover Corporation (NYSE:DOV) is included among the 13 Best Industrial Dividend Stocks to Buy Right Now.

The company holds one of the longest dividend streaks in the industry, spanning 68 years, which makes it a reliable investment option for income investors. Currently, it pays a quarterly dividend of $0.515 per share and has a dividend yield of 1.09%, as of July 13.

Dover Corporation (NYSE:DOV) produces equipment and components, including consumables, aftermarket parts, and digital solutions. The company is known for consistently generating strong free cash flow.

In the first quarter of 2025, Dover Corporation (NYSE:DOV) reported an operating cash flow of $157.4 million, up from $146.6 million in the same period last year. The operating cash flow represented 8.4% of the revenue. The company’s free cash flow also grew to $109.3 million, from $106.4 million in the prior-year period. It delivered a strong first-quarter performance, with a positive book-to-bill ratio in all five segments and building momentum throughout the quarter, reinforcing confidence in its short-term outlook.

While we acknowledge the potential of DOV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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