Fortive Corporation Declares Quarterly Dividend of $0.06 (NYSE:FTV)

Fortive Corporation (NYSE:FTV) announced a quarterly dividend on Tuesday, June 9th. Shareholders of record on Monday, June 22nd will be given a dividend of 0.06 per share by the technology company on Monday, July 6th. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Monday, June 22nd.

Fortive has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Fortive has a dividend payout ratio of 5.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Fortive to earn $3.18 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 7.5%.

Fortive Trading Up 2.6%

NYSE:FTV opened at $62.78 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.57 and a current ratio of 0.71. The firm has a market cap of $19.14 billion, a price-to-earnings ratio of 37.59 and a beta of 1.06. Fortive has a 52 week low of $46.34 and a 52 week high of $73.41. The firm has a 50-day moving average price of $59.52 and a two-hundred day moving average price of $56.91.

Fortive (NYSE:FTV) last released its earnings results on Thursday, April 30th. The technology company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.06. Fortive had a net margin of 12.84% and a return on equity of 12.66%. The firm had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the firm earned $0.85 EPS. The company’s revenue was up 7.7% compared to the same quarter last year. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. On average, equities analysts expect that Fortive will post 2.97 earnings per share for the current fiscal year.

Fortive Company Profile

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.