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Dover hikes quarterly dividend

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Dover hikes quarterly dividend

Dover Corp.'s board of directors increased the company's quarterly cash dividend by 2% to 49 U.S. cents per share.

The dividend will be paid Sept. 16 to shareholders of record as of Aug. 30.

Dover recently reported second-quarter net earnings of $198.1 million, up from nearly $140.0 million in the same period a year ago. EPS rose year over year to $1.35 from 91 cents.