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 June 29, 2018 to stockholders of record on May 25,
2018. 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 2017 revenues of $6.7
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
26,000 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 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, 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, 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, 2017. 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