Dover Corporation

Is Dover Corporation publicly traded?
Yes. It trades on the NYSE under ticker DOV and is in the S&P 500.

What does Dover Corporation make?
Diversified industrial equipment across five segments: fueling systems, specialty pumps, product coding, commercial refrigeration, and engineered components for vehicle service, aerospace, and industrial markets.

Is Dover the same as Dover Elevator?
Dover Corporation once owned Dover Elevator, a major elevator maker, but sold it to Thyssen in 1999. The company today is a diversified manufacturer with no elevator business.

Who is the CEO of Dover?
Richard J. Tobin, president and CEO since 2018.

How long has Dover raised its dividend?
70 consecutive years through 2025, one of the longest streaks in the market.

Where is Dover headquartered?
Downers Grove, Illinois, a Chicago suburb.

George L. Ohrstrom incorporated Dover in Delaware in 1947, assembling a holding company for a collection of small industrial manufacturers. The company went public on the New York Stock Exchange in 1955 and adopted the decentralized model that still defines it: acquire strong niche businesses and leave their management and brands intact.

Through the following decades Dover grew into one of America's archetypal multi-industry manufacturers, adding businesses in elevators (Dover Elevator, later sold to ThyssenKrupp), electronics, refrigeration, and pumps. The OPW acquisition in 1961 began what became the fueling franchise, and Hillphoenix's purchase built the refrigeration arm.

The modern portfolio took shape through continuous pruning and rebuilding. Dover spun its electronics businesses into Knowles Corporation in 2014, exited its energy-centric businesses (spinning Apergy in 2018), divested De-Sta-Co in 2024, and kept acquiring in growth niches: Markem-Imaje in 2011, Wayne Fueling Systems in 2016, CO2 refrigeration specialist Advansor in 2025, and four bolt-on deals concentrated in pumps and fueling in 2025.

Richard Tobin has served as president and CEO since 2018, steering the portfolio toward higher-margin, aftermarket-rich, and sustainability-linked markets. The 70-year streak of annual dividend increases makes Dover one of the longest-reigning Dividend Kings in the market.

Sustainability runs through the product portfolio: Advansor's natural CO2 refrigerant systems replace high-GWP refrigerants in supermarkets, and Clean Energy & Fueling products support LNG, hydrogen, and EV charging infrastructure. Dover publishes annual sustainability reports covering operational emissions and product-level environmental benefits.

Dover's 70-year dividend increase streak places it among the longest-tenured Dividend Kings, and it is a member of the S&P 500 Dividend Aristocrats, a distinction few industrials hold.