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Ex-Dividend Reminder: Dover, Tennant and Hubbell

By Dividend Channel Staff, Monday, February 26, 9:59 AM ET
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On 2/28/24, Dover Corp (NYSE:DOV), Tennant Co. (NYSE:TNC), and Hubbell Inc. (NYSE:HUBB) will all trade ex-dividend for their respective upcoming dividends. Dover Corp will pay its quarterly dividend of $0.51 on 3/15/24, Tennant Co. will pay its quarterly dividend of $0.28 on 3/15/24, and Hubbell Inc. will pay its quarterly dividend of $1.22 on 3/15/24.

As a percentage of DOV's recent stock price of $164.10, this dividend works out to approximately 0.31%, so look for shares of Dover Corp to trade 0.31% lower — all else being equal — when DOV shares open for trading on 2/28/24. Similarly, investors should look for TNC to open 0.26% lower in price and for HUBB to open 0.33% lower, all else being equal.

Below are dividend history charts for DOV, TNC, and HUBB, showing historical dividends prior to the most recent ones declared.

Dover Corp (NYSE:DOV):

Tennant Co. (NYSE:TNC):

Hubbell Inc. (NYSE:HUBB):

In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 1.24% for Dover Corp, 1.05% for Tennant Co., and 1.33% for Hubbell Inc..


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In Monday trading, Dover Corp shares are currently up about 0.6%, Tennant Co. shares are up about 4.5%, and Hubbell Inc. shares are up about 0.3% on the day.


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