|Bid||69.28 x 1200|
|Ask||72.46 x 800|
|Day's Range||69.95 - 71.08|
|52 Week Range||43.90 - 74.25|
|Beta (5Y Monthly)||1.23|
|PE Ratio (TTM)||15.79|
|Earnings Date||Apr 29, 2021|
|Forward Dividend & Yield||0.28 (0.39%)|
|Ex-Dividend Date||May 27, 2021|
|1y Target Est||76.53|
Fortive Corporation ("Fortive") (NYSE: FTV) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.07 per share of its common stock, par value $0.01 per share (the "Common Stock"), payable on June 25, 2021 to common stockholders of record on May 28, 2021. In addition, Fortive announced today that its Board of Directors declared a regular quarterly cash dividend of $12.50 per share of its 5.00% Mandatory Convertible Preferred Stock, Series A, par value $0.01 per share (the "MCPS"), payable on July 1, 2021 to preferred stockholders of record on June 15, 2021. Pursuant to the Certificate of Designations for the MCPS, all outstanding shares of MCPS will automatically convert into shares of the Common Stock on July 1, 2021 at the applicable conversion rate. Although Fortive expects to pay dividends on a quarterly basis on the Common Stock, any subsequent declaration of dividends, including the amount, the record dates and the payment dates for any such future dividend payments, is subject to the discretion of the Board of Directors.
Fortive Corporation ("Fortive") (NYSE: FTV) has been notified of an unsolicited "mini-tender offer" by TRC Capital Investment Corporation ("TRC") for TRC to purchase for cash up to 2,000,000 shares, or approximately 0.59%, of the outstanding common stock of Fortive, at a price of $68.00 per share. TRC’s offer price of $68.00 per share represents a 4.57% discount to the closing price per share of Fortive’s common stock on March 26, 2021, the last trading day before the commencement of TRC’s unsolicited mini-tender offer.