Fortive Declares Regular Quarterly Dividend on its Common Stock
29 January 2025 - 8:30AM
Business Wire
Fortive Corporation (“Fortive”) (NYSE: FTV) announced today that
its Board of Directors declared a regular quarterly cash dividend
of $0.08 per share of its common stock, par value $0.01 per share,
payable on March 28, 2025 to common stockholders of record on
February 28, 2025. Although Fortive expects to pay dividends on a
quarterly basis, any subsequent declaration of dividends, including
the amount, the record dates and the payment dates for any such
future dividend payments, is subject to the discretion of the Board
of Directors.
ABOUT FORTIVE
Fortive is a provider of essential technologies for connected
workflow solutions across a range of attractive end-markets.
Fortive’s strategic segments—Intelligent Operating Solutions,
Precision Technologies, and Advanced Healthcare Solutions—include
well-known brands with leading positions in their markets. The
company’s businesses design, develop, service, manufacture, and
market professional and engineered products, software, and
services, building upon leading brand names, innovative
technologies, and significant market positions. Fortive is
headquartered in Everett, Washington and employs a team of more
than 18,000 research and development, manufacturing, sales,
distribution, service and administrative employees in more than 50
countries around the world. With a culture rooted in continuous
improvement, the core of our company’s operating model is the
Fortive Business System. For more information please visit:
www.fortive.com.
FORWARD-LOOKING STATEMENTS
Statements in this release that are not strictly historical,
including the statements regarding the expected future timing of
any dividend payments and the Company's expectations on paying
dividends at any level in the future, and any other statements
identified by their use of words like “expect,” or other words of
similar meaning are “forward-looking” statements within the meaning
of the federal securities laws. There are a number of important
factors that could cause dividend payments and dividend schedule to
differ materially from those suggested or indicated by such
forward-looking statements and you should not place undue reliance
on any such forward-looking statements. These factors include,
among other things: deterioration of or instability in the economy,
the markets we serve, international trade and tariff policies, the
condition of the financial markets and the banking systems, our
ability to adjust purchases, supply chain management, and
manufacturing capacity to reflect market conditions and customer
demand, reliance on sole sources of supply, changes in relations
with other countries, contractions or lower growth rates and
cyclicality of markets we serve, competition, changes in industry
standards and governmental regulations, our ability to recruit and
retain key employees, our ability to consummate the planned
separation on the contemplated timeline or at all with the intended
benefits, our ability to successfully identify, consummate,
integrate and realize the anticipated value of appropriate
acquisitions and successfully complete divestitures and other
dispositions, our ability to develop and successfully market new
products, software, and services and expand into new markets, the
potential for improper conduct by our employees, agents or business
partners, contingent liabilities relating to acquisitions and
divestitures, impact of changes to tax laws, our compliance with
applicable laws and regulations and changes in applicable laws and
regulations, risks relating to international economic,
geopolitical, including war and sanctions, legal, compliance and
business factors, risks relating to potential impairment of
goodwill and other intangible assets, currency exchange rates, tax
audits and changes in our tax rate and income tax liabilities, the
impact of our debt obligations, including our cost of debt, on our
operations, litigation and other contingent liabilities including
intellectual property and environmental, health and safety matters,
our ability to adequately protect our intellectual property rights,
risks relating to product, service or software defects, product
liability and recalls, risks relating to product manufacturing, our
relationships with and the performance of our channel partners,
commodity costs and surcharges, security breaches or other
disruptions of our information technology systems, adverse effects
of restructuring activities, risk related to tax treatment of the
prior or pending separation, impact of our indemnification
obligation to Vontier, impact of changes to U.S. GAAP, labor
matters, and disruptions relating to man-made and natural disasters
and climate change. Additional information regarding the factors
that may cause actual results to differ materially from these
forward-looking statements is available in our SEC filings,
including our Annual Report on Form 10-K for the year ended
December 31, 2023 and our Quarterly Report on Form 10-Q for the
quarter ended September 27, 2024. These forward-looking statements
speak only as of the date of this release, and Fortive does not
assume any obligation to update or revise any forward-looking
statement, whether as a result of new information, future events
and developments or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20250127618097/en/
Elena Rosman Vice President – Investor Relations Fortive
Corporation 6920 Seaway Boulevard Everett, WA 98203 Telephone:
(425) 446-5000
Fortive (NYSE:FTV)
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