Fortive Corporation (“Fortive”) (NYSE: FTV) announced today that its
Board of Directors declared a regular quarterly cash dividend of $0.07
per share of its common stock, par value $0.01 per share, payable on
June 28, 2019 to common stockholders of record on May 31, 2019. In
addition, Fortive announced today that its Board of Directors declared a
regular quarterly cash dividend of $12.50 per share of its 5.00%
Mandatory Convertible Preferred Stock, Series A, par value $0.01 per
share, payable on July 1, 2019 to preferred stockholders of record on
June 15, 2019. 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 technology growth company comprised
of Professional Instrumentation and Industrial Technologies businesses
that are recognized leaders in attractive markets. Fortive’s well-known
brands hold leading positions in field solutions, product realization,
sensing technologies, transportation technologies, 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 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.
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, 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
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, 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, 2018.
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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