Fortive Corporation (NYSE:FTV) will begin trading ex-dividend on November 25, 2020. The quarterly dividend payment of $ 0.07 per share is scheduled to be paid on December 28, 2020. The dividend yield based on the latest trading day closing price was 0.39 percent. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date of November 25, 2020.
Dividends History
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Fortive Corporation recently reported third quarter financial results on October 27, 2020, after market close, manufacturer of industrial products announced income for the third quarter of $ 0.94 per share, from the revenue of $ 1,902.00 million. The quarterly earnings developed 8.05 percent while revenues surged 2.26 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.86 per share from $ 1864.31 million in revenue. The bottom line results beat street analysts by $ 0.08 or 9.30 percent, at the same time, top line results outshined analysts by $ 37.69 million or 2.02 percent.
Stock Performance
Shares of Fortive Corporation traded up $ 0.34 or 0.48 percent on Thursday, reaching $ 71.33 with volume of 1.14 million shares. Fortive Corporation has traded high as $ 71.38 and has cracked $ 69.82 on the downward trend
According to the previous trading day, closing price of $ 71.33, representing a 127.39 % increase from the 52 week low of $ 31.22 and a 4.4 % decrease over the 52 week high of $ 74.26.
The company has a market capital of $ 24.05 billion and is part of the Technology sector and Scientific & Technical Instruments industry.
Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Its Professional Instrumentation segment provides test tools, and thermal imaging and calibration equipment for electrical, industrial, electronic, and calibration applications; online condition-based monitoring equipment; portable gas detection equipment, consumables, and software as a service offerings; subscription-based technical, analytical, and compliance services; and software, data analytics, and services for critical infrastructure in utility, industrial, energy, construction, public safety, mining, and healthcare applications. This segment also provides product realization services and products that help developers and engineers across the end-to-end product creation cycle from concepts to finished products; materials components; and devices that sense, monitor, and control operational or manufacturing variables.
