Dover has closed the purchase of Malema Engineering, which develops and manufactures flow meters for biopharmaceutical, semiconductor and industrial companies. Dover paid $225 million, and will pay up to $50 million more, after meeting certain financial targets over two years.

Dover is acquiring Malema Engineering, which designs and manufactures flow meters for biopharmaceutical, semiconductor and industrial companies. Dover will pay $225 million, and pay up to $50 million more, after meeting certain financial targets over two years. The deal is scheduled to close in Q2 2022.

The Dover Board of Directors announced a quarterly dividend of $0.5 per share. The last day to buy securities to receive the dividend is May 26, 2022. The annual dividend yield may reach 1.23%.

Dover's GAAP net income for 3 months of 2022 was $226.153 million, down 2.8% from $232.769 million in the prior year. Revenues increased 9.9% to $2.052 billion from $1.868 billion a year earlier.