Fortive Declares Regular Quarterly Dividend on its Common Stock
August 30 2024 - 4:30PM
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 September 27, 2024 to common stockholders of record on
September 13, 2024. 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 policies and the
financial markets, security breaches or other disruptions of our
information technology systems, our ability to adjust purchases and
manufacturing capacity to reflect market conditions, reliance on
sole sources of supply, changes in trade relations with China,
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 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, risk
related to any use of artificial intelligence, 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 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, adverse effects of restructuring
activities, risk related to tax treatment of the Separation, impact
of our indemnification obligation to Vontier, impact of changes to
U.S. GAAP, labor matters, impact of climate change or related
regulatory requirements, and disruptions relating to man-made and
natural disasters. 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. 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/20240830438521/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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