Dividend Aristocrat Dover Corporation (DOV) will raise its quarterly dividend by another 2.1 percent to $0.49 per share in 2018. Last year the industrial company also hiked its dividend by 2.1 percent.

The increased dividend will be paid on September 16, 2019, to shareholders of record as of August 30, 2019. A new annual rate of $1.96 yields 2.1% at a stock price of $92.75.

This is the 64th consecutive year in which Dover has increased its annual cash dividend.

Dover Corporation is a diversified global manufacturer delivering equipment and components, specialty systems, consumable supplies, software and digital solutions and support services. The company's operating segments are: Engineered Systems, Fluids, Refrigeration & Food Equipment and Energy.