Fortive Corporation ("Fortive") (NYSE: FTV), a diversified industrial
growth company, announced today that its Board of Directors declared a
regular quarterly cash dividend of $0.07 per share payable on March 31,
2017 to stockholders of record on February 24, 2017. 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 diversified industrial growth company comprised of
Professional Instrumentation and Industrial Technologies businesses that
are recognized leaders in attractive markets. With 2015 revenues of $6.2
billion, Fortive's well-known brands hold leading positions in field
instrumentation, transportation, sensing, product realization,
automation and specialty, and franchise distribution. Fortive is
headquartered in Everett, Washington and employs a team of more than
24,000 research and development, manufacturing, sales, distribution,
service and administrative employees in more than 40 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 and the financial markets, contractions or lower growth
rates and cyclicality of markets we serve, competition, 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, our ability to successfully
identify, consummate, integrate and realize the anticipated value of
appropriate acquisitions and successfully complete divestitures and
other dispositions, contingent liabilities relating to acquisitions and
divestitures, our compliance with applicable laws and regulations and
changes in applicable laws and regulations, 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, risks relating to
product, service or software defects, product liability and recalls,
risks relating to product manufacturing, the impact of our debt
obligations on our operations and liquidity, our relationships with and
the performance of our channel partners, commodity costs and surcharges,
our ability to adjust purchases and manufacturing capacity to reflect
market conditions, reliance on sole sources of supply, labor matters,
international economic, political, legal, compliance and business
factors, adverse effects of restructuring activities, disruptions
relating to man-made and natural disasters, security breaches or other
disruptions of our information technology systems, impact of our
separation from Danaher on our operations, impact of our indemnification
obligation to Danaher, any work stoppage, and pension plan costs.
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 the Information Statement
furnished with the Current Report on Form 8-K filed by us on June 15,
2016. 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.
Fortive Corporation
Lisa Curran, 425-446-5000
Vice President, Investor Relations
6920 Seaway Boulevard
Everett, WA 98203