Fortive Declares Common Quarterly Dividend On Its Widespread Shares And Most well-liked Shares

EVERETT, Washington – (BUSINESS WIRE) – Fortive Company (“Fortive”) (NYSE: FTV) at present introduced that its board of administrators has declared a daily quarterly money dividend of $ 0.07 per share of its widespread share, par worth of $ 0.01 per share (“the widespread share”), payable on June 25, 2021 to widespread shareholders of report on Could 28, 2021. As well as, Fortive introduced at present that its board of administrators has declared a quarterly dividend common money of $ 12.50 per share of its 5.00% Necessary Convertible Most well-liked Shares, Collection A, par worth $ 0.01 per share (the “MCPS”), payable July 1, 2021 to most popular shareholders of report on June 15, 2021. Pursuant to the certificates of designation of MCPS, all excellent shares of MCPS will robotically convert into widespread inventory shares on July 1, 2021 on the relevant conversion fee. Though Fortive expects to pay dividends on a quarterly foundation on the Widespread 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 linked workflow options in a spread of enticing finish markets. Fortive’s strategic segments – clever working options, precision applied sciences and superior healthcare options – embody 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 companies, leveraging main manufacturers, progressive applied sciences and important market positions. Fortive is headquartered in Everett, Washington and employs a crew of greater than 17,000 analysis and improvement, manufacturing, gross sales, distribution, service and administration employees in additional than 50 international locations all over the world. With a tradition rooted in steady enchancment, the center of our firm’s working mannequin is the Fortive Enterprise System. For extra info, please go to: www.fortive.com.

FORWARD-LOOKING STATEMENTS

Statements on this press launch that aren’t strictly historic, together with statements relating to the anticipated future timing of any dividend fee and the Firm’s expectations relating to dividend fee at any degree sooner or later, and another statements recognized by the Use of phrases similar to “count on,” or different phrases with comparable meanings are “forward-looking” statements throughout 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 instructed or indicated by these forward-looking statements, and you shouldn’t place undue reliance on such forward-looking statements. These components embody, however usually are not restricted to: the length 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, adjustments in commerce relations with China, contractions or much less progress charges and cyclicality of the markets we serve, competitors, adjustments in business requirements and authorities laws, our means to recruit and retain key workers , our means to establish, devour, combine and efficiently notice the anticipated worth of applicable acquisitions and full divestitures and different preparations, our means to understand the anticipated advantages of our separation from Vontier, our means to develop and efficiently commercialize new merchandise, software program and companies and broaden into new markets, the potential for inappropriate conduct affect of our workers, brokers or enterprise companions, contingent liabilities associated to acquisitions and divestitures, affect of the LIBOR phase-out, affect of adjustments in tax legal guidelines, our compliance with relevant legal guidelines and laws and adjustments 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 property, international change charges, tax audits and adjustments in our tax fee 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 means to adequately shield our rights mental property, dangers associated to product, service or software program defects, the legal responsibility of the product and remembers, dangers related to the manufacture of merchandise, {our relationships} and the efficiency of our channel companions, product prices and dietary supplements, our means to regulate buying and manufacturing capability to replicate market situations , dependence on single sources of provide, safety breaches or different disruptions in our IT programs, the unfavorable results of restructuring actions, the chance associated to the tax therapy of our separation from Vontier, the affect of our obligation to compensation to Vontier, the affect of adjustments to US GAAP, labor points and disruptions associated to man-made and pure disasters. Further info relating to components that will trigger precise outcomes to vary materially from these forward-looking statements may be present in our filings with the SEC, together with our Annual Report on Type 10-Okay for the yr ended December 31. 2020. These forward-looking statements communicate 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 info, future occasions and developments, or in any other case. .

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