Fortive Corporation (FTV) to Distribute Quarterly Dividend of $0.07 on September 25th

Fortive Corporation (NYSE:FTV) declared a quarterly dividend on Thursday, August 20th. Investors of record on Friday, September 4th will be paid a dividend of 0.07 per share by the technology company on Friday, September 25th. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, September 4th. This is a 16.7% increase from Fortive’s previous quarterly dividend of $0.06.

Fortive has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Fortive has a payout ratio of 6.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Fortive to earn $3.24 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 8.6%.

Fortive Trading Down 3.5%

Shares of NYSE FTV opened at $56.81 on Wednesday. Fortive has a 1 year low of $46.54 and a 1 year high of $64.56. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.24 and a quick ratio of 1.00. The firm has a 50-day moving average of $60.94 and a 200 day moving average of $59.43. The stock has a market cap of $17.16 billion, a P/E ratio of 33.62, a price-to-earnings-growth ratio of 2.44 and a beta of 1.06.

Fortive (NYSE:FTV) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. Fortive had a net margin of 12.38% and a return on equity of 15.33%. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the company earned $0.90 earnings per share. The business’s revenue was up 8.0% compared to the same quarter last year. Fortive has set its FY 2026 guidance at 2.950-3.050 EPS. As a group, sell-side analysts expect that Fortive will post 3.02 EPS for the current fiscal year.

About Fortive

Fortive Corporation (NYSE: FTV) is a diversified industrial technology company headquartered in Everett, Washington. The company was created through a spin‑off from Danaher Corporation in 2016 and has since focused on building a portfolio of professional instrumentation and industrial technology businesses. In 2020 Fortive completed a further portfolio separation with the spin‑off of Vontier, concentrating Fortive’s activities on higher‑margin instrumentation, software and services.

Fortive’s operations center on professional test and measurement, sensing and monitoring, software‑enabled solutions, and lifecycle services that support industrial and commercial customers.