Fortive Corporation (FTV) To Go Ex-Dividend on November 27th

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

Fortive has increased its dividend 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 payout ratio of 6.6% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

Shares of FTV stock opened at $65.68 on Friday. Fortive has a fifty-two week low of $49.99 and a fifty-two week high of $68.94. The firm has a market capitalization of $19.55 billion, a price-to-earnings ratio of 31.27, a PEG ratio of 2.74 and a beta of 1.03. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.98 and a current ratio of 1.23. The stock’s 50-day simple moving average is $58.31 and its 200-day simple moving average is $58.88.

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