Fortive Declares Common Quarterly Dividend On Its Frequent Shares And Most popular Shares


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EVERETT, Wash .– (BUSINESS WIRE) – Fortive Company (“Fortive”) (NYSE: FTV) at this time introduced that its board of administrators has declared a daily quarterly money dividend of $ 0.07 per share of its share frequent, with a par worth of $ 0.01 per (the “Frequent Share”), payable on June 25, 2021 to frequent shareholders of file on Could 28, 2021. As well as, Fortive introduced at this time that its board of administration declared a daily quarterly money dividend of $ 12.50 per share of $ 5.00% Necessary Convertible Most popular Shares, Sequence A, par worth $ 0.01 per share (the “MCPS”), payable on 1st July 2021 to most well-liked shareholders of file on June 15, 2021. Pursuant to the certificates of designation of MCPS, all excellent shares of MCPS will robotically convert into frequent shares on July 1, 2021 on the relevant conversion price. Though Fortive expects to pay dividends on a quarterly foundation on the Frequent Shares, any subsequent declaration of dividends, together with the quantity, recording dates and fee dates of such future dividend funds, is topic to the discretion of the board of administrators.

ABOUT FORTIVE

Fortive is a supplier of important applied sciences for related workflow options in a variety of engaging finish markets. Fortive’s strategic segments – clever working options, precision applied sciences and superior healthcare options – embrace well-known manufacturers with main positions of their markets. The corporate’s actions design, develop, keep, manufacture and market skilled and technical merchandise, software program and providers, leveraging main manufacturers, progressive applied sciences and vital market positions. Fortive is headquartered in Everett, Washington and employs a group of greater than 17,000 analysis and growth, manufacturing, gross sales, distribution, service and administration workers in additional than 50 nations around the globe. With a tradition rooted in steady enchancment, the guts of our firm’s working mannequin is the Fortive Enterprise System. For extra data, please go to: www.fortive.com.

FORWARD-LOOKING STATEMENTS

Statements on this press launch that aren’t strictly historic, together with statements concerning the anticipated future timing of any dividend fee and the Firm’s expectations concerning dividend fee at any stage sooner or later, and another statements recognized by the Use of phrases resembling “anticipate,” or different phrases with comparable meanings are “forward-looking” statements inside the that means of federal securities legal guidelines. There are a variety of vital components that would trigger dividend funds and dividend timing to vary materially from these recommended or indicated by these forward-looking statements, and you shouldn’t place undue reliance on such forward-looking statements. These components embrace, however should not restricted to: the period and affect of the COVID-19 pandemic, the deterioration or instability of the financial system, the markets we serve, worldwide commerce insurance policies and monetary markets, modifications in commerce relations with China, contractions or much less progress charges and cyclicality of the markets we serve, competitors, modifications in trade requirements and authorities laws, our capability to recruit and retain key staff , our capability to establish, eat, combine and efficiently notice the anticipated worth of applicable acquisitions and full divestitures and different preparations, our capability to understand the anticipated advantages of our separation from Vontier, our capability to develop and efficiently commercialize new merchandise, software program and providers and increase into new markets, the potential for inappropriate conduct affect of our staff, brokers or enterprise companions, contingent liabilities associated to acquisitions and divestitures, affect of the LIBOR phase-out, affect of modifications in tax legal guidelines, our compliance with relevant legal guidelines and laws and modifications in relevant legal guidelines and laws, dangers associated to worldwide financial, political, authorized, compliance and enterprise components, dangers associated to potential impairment of goodwill and different intangible belongings, overseas trade charges, tax audits and modifications in our tax price and our tax liabilities, the affect of our obligations on our enterprise, litigation and different contingent liabilities, together with mental property and environmental, well being and security issues, our capability to adequately shield our rights mental property, dangers associated to product, service or software program defects, the legal responsibility of the product and recollects, dangers related to the manufacture of merchandise, {our relationships} and the efficiency of our channel companions, product prices and dietary supplements, our capability to regulate buying and manufacturing capability to mirror market situations , dependence on single sources of provide, safety breaches or different disruptions in our IT programs, the unfavorable results of restructuring actions, the danger associated to the tax therapy of our separation from Vontier, the affect of our obligation to compensation to Vontier, the affect of modifications to US GAAP, labor points and disruptions associated to man-made and pure disasters. Extra data concerning components which will trigger precise outcomes to vary materially from these forward-looking statements might be present in our filings with the SEC, together with our Annual Report on Type 10-Okay for the 12 months ended December 31. 2020. These forward-looking statements converse solely as of the date of this launch, and Fortive assumes no obligation to replace or revise any forward-looking assertion, whether or not on account of new data, future occasions and developments, or in any other case. .

Griffin whitney

Vice-President – Investor Relations

Fortive Company

6920 Seaway Boulevard

Everett, WA 98203

Phone: (425) 446-5000

Supply: Fortive Company

About Edith J.

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