Fortive declares regular quarterly dividend on its common shares
EVERETT, Washington, November 04, 2021– (BUSINESS WIRE) – Fortive Corporation (“Fortive”) (NYSE: FTV) today announced that its board of directors has declared a regular quarterly cash dividend of $ 0.07 per share of its common stock , with a par value of $ 0.01 per share, payable on December 30, 2021 to common shareholders of record on November 26, 2021. Although Fortive expects to pay dividends on a quarterly basis, any subsequent declaration of dividends, including including the amount, recording dates and payment dates of such future dividend payments, is subject to the discretion of the Board of Directors.
Fortive is a provider of essential technologies for connected workflow solutions in a range of attractive end markets. Fortive’s strategic segments – Intelligent Operating Solutions, Precision Technologies and Advanced Healthcare Solutions – include well-known brands occupying leadership positions in their markets. The company’s activities design, develop, maintain, manufacture and market professional and technical products, software and services, leveraging leading brands, innovative technologies and significant market positions. Fortive is headquartered in Everett, Wash., And employs a team of more than 18,000 people in research and development, manufacturing, sales, distribution, service and administration in more than 50 countries at worldwide. With a culture rooted in continuous improvement, the heart of our company’s operating model is the Fortive Business System. For more information, please visit: www.fortive.com.
Statements in this release that are not strictly historical, including statements regarding the expected future timing of any dividend payments and the Company’s expectations on dividend payments at any level in the future, and any other statements identified by their use of words such as “expect,” or other words with similar meanings are “forward-looking” statements within the meaning of federal securities laws. There are a number of important factors that could cause the dividend payments and the timing of dividends differ materially from those suggested or indicated by these forward-looking statements and you should not place undue reliance on these forward-looking statements. These factors include, but are not limited to: the duration and impact of the COVID pandemic -19, the deterioration or instability of the economy, the markets we serve, international trade policies and t financial markets, changes in trade relations with China, contractions or less growth rates and cyclicality of the markets we serve, competition, changes in industry standards and government regulations, our ability to recruit and retain key employees, our ability to identify, consume, integrate and successfully realize the anticipated value of appropriate acquisitions and complete divestitures and other arrangements, our ability to successfully develop and market new products, software and services and to expand into new markets, the potential for inappropriate conduct by our employees, agents or business partners, contingent liabilities related to acquisitions and divestitures, the impact of phasing out LIBOR, l ‘impact of changes in tax laws, our compliance with applicable laws, regulations and changes ations of applicable laws and regulations, risks related to international economic, political, legal, compliance and business factors, risks related to the potential impairment of goodwill and other intangible assets, exchange rates, tax audits and changes in our tax rate and income tax liabilities, the impact of our debts 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 associated with product, service or software defects, product liability and recalls, risks associated with the manufacture of products, our relationships with and the performance of our channel partners, product costs and surcharges, our ability to adjust purchasing and manufacturing capacity to reflect con market conditions, the use of single sources of supply, security breaches or other disruptions in our IT system, the negative effects of restructuring activities, the risk related to the tax treatment of our separation from Vontier, the ‘impact of our indemnification obligation to Vontier, the impact of changes to US GAAP, labor issues and disruption related to natural and man-made disasters. Additional information regarding factors that could cause actual results to differ materially from these forward-looking statements can be found in our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2020. These forward-looking statements speak only as of the date of this release, and Fortive assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events and developments, or otherwise.
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