Updated November 20th, 2018
We analyzed each Dividend Aristocrat by looking at their earnings, dividends, maximum draw down (MDD) and stock price performance during the 2007-2009 financial crisis.
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Dividend Aristocrat Dover Corporation (DOV) is a global industrial manufacturer delivering equipment and components, specialty systems, consumable supplies, software and digital solutions. The market cap is almost $13 billion (November 2018)
The company’s adjusted earnings-per-share performance during the 2007-2009 financial crisis can be seen below:
- 2007 adjusted earnings-per-share of $3.22
- 2008 adjusted earnings-per-share of $3.67 (14% increase)
- 2009 adjusted earnings-per-share of $2.00 (45% decline)
- 2010 adjusted earnings-per-share of $3.48 (74% increase)
Dover’s earnings reduced almost to 50% during the recession but regained most of their losses in the 2010.
Dover Corporation (DOV) stock performance 2007-2009
The company’s stock price performed also poorly, but dividend growth year-by-year remained. See the stock price chart below:
Dover Corporation (DOV) Dividends 2007-2010
Dividend Aristocrat Dover Corp has been able to increase dividends for 62 consecutive years include the 2007-2010 period. The company is also a member of the dividend kings list:
See also the overall performance of the dividend aristocrats during recession.
Other Sources of Dividend Investment Ideas
The Dividend Aristocrats list is not the only way to quickly screen for businesses that regularly pay rising dividends.
- The Dividend Kings List is even more exclusive than the Dividend Aristocrats. It is comprised of less than 20 businesses with 50+ years of consecutive dividend increases.
- The MoneyInvestExpert Defensive Aristocrats is a performance-based top-10 selection of the Dividend Aristocrats to outperform the market on the long-term.
- Portfolio lists like the Berkshire Hathaway Portfolio or Bill Gates’stock portfolio can be a source.
- For the European focused investors there is also the list of European Dividend Aristocrats.
- Dividend Champions are not necessarily members of the S&P 500 index, have increased their dividend for 25 or more consecutive years.
- 100+ years of dividend, the list of stocks that pay over 100 year of dividend can be an list of inspiration.
Next to selecting the right dividend stocks, important principles for successful long-term investing are Disciple, Diversification, Defensive & indeed Dividend. Read more about this in our free e-book.
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