Fortive Corporation (NYSE:FTV) Shares Set to Pay Quarterly Dividend of $0.07

Fortive Corporation (NYSE:FTV) declared a quarterly dividend on Wednesday, November 4th. Stockholders of record on Friday, November 27th will be given a dividend of $0.07 per share by the technology company on Monday, December 28th. This represents a $0.28 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, November 27th.

Fortive has increased its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Fortive has a dividend payout ratio of 6.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Fortive to earn $3.30 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 8.5%.

Fortive Stock Up 2.4%

Shares of FTV stock opened at $68.42 on Thursday. The firm has a fifty day moving average of $58.21 and a 200-day moving average of $58.83. The company has a quick ratio of 0.98, a current ratio of 1.23 and a debt-to-equity ratio of 0.59. Fortive has a 12-month low of $49.99 and a 12-month high of $68.94. The company has a market capitalization of $20.36 billion, a price-to-earnings ratio of 32.58, a P/E/G ratio of 2.68 and a beta of 1.03.

Fortive (NYSE:FTV) last issued its quarterly earnings data on Wednesday, October 28th. The technology company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.07 billion. Fortive had a net margin of 14.83% and a return on equity of 15.79%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the business posted $0.68 earnings per share. As a group, equities research analysts predict that Fortive will post 3.12 earnings per share for the current fiscal year.

Fortive Company Profile

Fortive Corporation (NYSE: FTV) is a diversified industrial technology company that develops and provides products, software and services designed to improve the productivity, safety, reliability and efficiency of businesses and public-sector organizations. Its offerings support customers in industries including manufacturing, healthcare, utilities, transportation, commercial facilities and government.

The company’s portfolio includes electronic test and measurement equipment, calibration and asset-management solutions, workplace and facility-management software, engineering and infrastructure software, product identification and traceability systems, and healthcare technology.