A Dark Vector Cognition product

Item 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED SHAREHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

4K characters. Original on sec.gov · Markdown

Item 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED SHAREHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Market Information and Dividends

The principal market in which Dover common stock is traded is the New York Stock Exchange. Information on the high and low close prices of our stock and the frequency and the amount of dividends paid during the last two years is as follows:

20152014
Market PricesDividends per ShareMarket Prices (1)Dividends per Share
HighLowHighLow
First Quarter$74.50$68.59$0.400$81.02$67.34$0.375
Second Quarter77.7769.400.40090.1179.690.375
Third Quarter70.0355.990.42090.2279.940.400
Fourth Quarter66.5756.510.42082.7667.760.400
$1.640$1.550
(1)Due to the February 28, 2014 distribution of Knowles, the high and low close prices shown above for each quarter prior to the distribution have been adjusted for comparability purposes.

Holders

The number of holders of record of Dover common stock as of January 29, 2016 was approximately 19,701. This figure includes participants in our domestic 401(k) program.

Securities Authorized for Issuance Under Equity Compensation Plans

Information regarding securities authorized for issuance under our equity compensation plans is contained in Part III, Item 12 of this Form 10-K.

Recent Sales of Unregistered Securities

None.

Issuer Purchases of Equity Securities

In January 2015, the Board of Directors approved a standing share repurchase authorization, whereby the Company may repurchase up to 15,000,000 shares of its common stock over the following three years. No repurchases were made in the fourth quarter of 2015. As of December 31, 2015, the number of shares still available for repurchase under the January 2015 share repurchase authorization was 6,771,458.

Performance Graph

This performance graph does not constitute soliciting material, is not deemed filed with the SEC, and is not incorporated by reference in any of our filings under the Securities Act of 1933 or the Exchange Act of 1934, whether made before or after the date of this Form 10-K and irrespective of any general incorporation language in any such filing, except to the extent we specifically incorporate this performance graph by reference therein.

Comparison of Five-Year Cumulative Total Return *

Dover Corporation, S&P 500 Index & Peer Group Index

Total Shareholder Returns

Data Source: Research Data Group, Inc


*Total return assumes reinvestment of dividends.

This graph assumes $100 invested on December 31, 2010 in Dover Corporation common stock, the S&P 500 index, and a peer group index.

The 2015 peer index consists of the following 35 public companies selected by the Company.

3M CompanyFMC Technologies Inc.Rockwell Automation Inc.
Actuant Corp.Honeywell International Inc.Roper Industries Inc.
AMETEK Inc.Hubbell IncorporatedSnap-On Inc.
Amphenol Corp.IDEX CorporationSPX Corporation
Cameron International Corp.Illinois Tool Works Inc.Teledyne Technologies Inc.
Carlisle Companies Inc.Ingersoll-Rand PLCTextron Inc.
Corning Inc.Lennox International Inc.The Timken Company
Crane CompanyNordson Corp.Tyco International Limited
Danaher CorporationParker-Hannifin Corp.United Technologies Corp.
Eaton CorporationPentair LimitedVishay Intertechnology Inc.
Emerson Electric Co.Precision Castparts Corp.Weatherford International Limited
Flowserve CorporationRegal Beloit Corp.

Previous: Item 4. MINE SAFETY DISCLOSURES · Next: Item 6. SELECTED FINANCIAL DATA