Market Overview

Fortive Declares Regular Quarterly Dividend on its Common Stock and Initial Quarterly Dividend on its Preferred Stock


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, payable on
September 28, 2018 to common stockholders of record on August 31, 2018.
In addition, Fortive announced today that its Board of Directors
declared an initial quarterly cash dividend of $12.78 per share of its
5.00% Mandatory Convertible Preferred Stock, Series A, par value $0.01
per share, payable on October 1, 2018 to preferred stockholders of
record on September 15, 2018. Although Fortive expects to pay dividends
on a quarterly basis, 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


Fortive is a diversified industrial growth company comprised of
Professional Instrumentation and Industrial Technologies businesses that
are recognized leaders in attractive markets. With 2017 revenues of $6.7
billion, Fortive's well-known brands hold leading positions in field
instrumentation, transportation, sensing, product realization,
automation and specialty, and franchise distribution. Fortive is
headquartered in Everett, Washington and employs a team of more than
26,000 research and development, manufacturing, sales, distribution,
service and administrative employees in more than 50 countries around
the world. With a culture rooted in continuous improvement, the core of
our company's operating model is the Fortive Business System. For more
information please visit:


Statements in this release that are not strictly historical, including
the statements regarding the expected future timing of any dividend
payments and the Company's expectations on paying dividends at any level
in the future, and any other statements identified by their use of words
like "expect," or other words of similar meaning are "forward-looking"
statements within the meaning of the federal securities laws. There are
a number of important factors that could cause dividend payments and
dividend schedule to differ materially from those suggested or indicated
by such forward-looking statements and you should not place undue
reliance on any such forward-looking statements. These factors include,
among other things: deterioration of or instability in the economy, the
markets we serve, international trade policies, and the financial
markets, changes in trade relations with China, contractions or lower
growth rates and cyclicality of markets we serve, competition, changes
in industry standards and governmental regulations, our ability to
successfully identify, consummate, integrate and realize the anticipated
value of appropriate acquisitions and successfully complete divestitures
and other dispositions, our ability to consummate the pending
transaction with Altra Industrial Motion on a timely basis, our ability
to develop and successfully market new products, software, and services
and expand into new markets, the potential for improper conduct by our
employees, agents or business partners, contingent liabilities relating
to acquisitions and divestitures, impact of changes to tax laws, our
compliance with applicable laws and regulations and changes in
applicable laws and regulations, risks relating to international
economic, political, legal, compliance and business factors, risks
relating to potential impairment of goodwill and other intangible
assets, currency exchange rates, tax audits and changes in our tax rate
and income tax liabilities, the impact of our debt obligations on our
operations, litigation and other contingent liabilities including
intellectual property and environmental, health and safety matters, our
ability to adequately protect our intellectual property rights, risks
relating to product, service or software defects, product liability and
recalls, risks relating to product manufacturing, our relationships with
and the performance of our channel partners, commodity costs and
surcharges, our ability to adjust purchases and manufacturing capacity
to reflect market conditions, reliance on sole sources of supply,
security breaches or other disruptions of our information technology
systems, adverse effects of restructuring activities, labor matters,
disruptions relating to man-made and natural disasters, impact of our
separation from Danaher on our operations or financial results, and
impact of our indemnification obligation to Danaher. Additional
information regarding the factors that may cause actual results to
differ materially from these forward-looking statements is available in
our SEC filings, including our Annual Report on Form 10-K for the year
ended December 31, 2017 and our Quarterly Report on Form 10-Q for the
quarters ended March 30, 2018 and June 29, 2018. These forward-looking
statements speak only as of the date of this release, and Fortive does
not assume any obligation to update or revise any forward-looking
statement, whether as a result of new information, future events and
developments or otherwise.

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