Dover Is Selling at a Solid Bargain
Nobody knows exactly how Europe will play out. Similarly, we can't be sure how the "fiscal cliff" scheduled for next January will be avoided right now. All this uncertainly makes traders nervous. That makes for bargain pricing on high-quality, dividend-paying shares such as Dover (DOV), a maker of industrial products and components.
Dover closed at $55.29 Wednesday, down almost $15 or (21.2%) from its 52-week high of $70.15. Dover's shares are almost exactly where they traded 14 months ago. Pessimists would say that no progress has been made. Optimists could note that earnings per share have grown by 44.8% and that dividends were increased from an annual rate of $1.04 to $1.26. The current yield went from 1.89% to 2.28%, a 21.1% increase....213 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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