Dover Corporation
Dover Corporation Announces $500M Share Repurchase Program
Summary
On February 29, 2024, Dover Corporation announced an accelerated share repurchase (ASR) program with Citibank, N.A. to repurchase $500 million of its common stock. The program, which is expected to be completed in the third quarter of 2024, will retire a substantial majority of the repurchased shares on March 1, 2024. The Company plans to fund the repurchases with commercial paper.
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About Dover Corporation
Dover Corporation is a diversified global manufacturer that designs and produces a broad range of innovative equipment, components, and specialty systems. The company operates in segments such as Engineered Products, Fueling Solutions, Imaging & Identification, Pumps & Process Solutions, and Refrigeration & Food Equipment. Dover’s products serve critical and high-performance applications across industries including aerospace, healthcare, automobile, food and beverage, and energy. Founded in 1955 and headquartered in Downers Grove, Illinois, the company is recognized for its commitment to technological advancement and operational excellence. Dover's strategic focus on sustainability and customer-centric innovation positions it as a key player in the industrial marketplace, leveraging its diversified portfolio to meet the evolving demands of global commerce.
Official SEC Documents
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