Fortive Corporation (NYSE:FTV) to Issue Quarterly Dividend of $0.07

Fortive Corporation (NYSE:FTV) declared a quarterly dividend on Thursday, August 20th. Stockholders 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 of this dividend 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%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Fortive has a payout ratio of 5.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Fortive to earn $3.24 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 7.4%.

Fortive Stock Performance

NYSE FTV opened at $59.41 on Friday. The firm has a market cap of $17.94 billion, a price-to-earnings ratio of 35.15 and a beta of 1.06. The company has a quick ratio of 1.00, a current ratio of 1.24 and a debt-to-equity ratio of 0.58. The business has a 50-day moving average price of $61.16 and a 200-day moving average price of $59.39. Fortive has a twelve month low of $46.54 and a twelve month high of $64.56.

Fortive (NYSE:FTV) last issued its earnings results on Wednesday, July 29th. The technology company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.03. Fortive had a return on equity of 15.33% and a net margin of 12.38%.The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the company earned $0.90 EPS. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. Fortive has set its FY 2026 guidance at 2.950-3.050 EPS. As a group, equities research analysts predict that Fortive will post 3.01 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.