Fortive Corporation (“Fortive”) (NYSE: FTV) announced today that its
Board of Directors declared a regular quarterly cash dividend of $0.07
per share payable on December 29, 2017 to stockholders of record on
November 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 2016 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, changes in
industry standards and governmental regulations, 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, our compliance with applicable laws and regulations and
changes in applicable laws and regulations, risks relating to
international economic, political, 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, our ability to adjust purchases and
manufacturing capacity to reflect market conditions, reliance on sole
sources of supply, security breaches or other disruptions of our
information technology systems, adverse effects of restructuring
activities, labor matters, disruptions relating to man-made and natural
disasters, impact of our separation from Danaher on our operations or
financial results, and impact of our indemnification obligation to
Danaher. 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, 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