FTVFortive CorporationStock — Industrials
Yield
0.46%
$0.28 indicated at $60.25
Dividend
$0.07/qtr
Raised Aug 20, 2026 from $0.06, +16.7%; paid Sep 25, 2026
Payout ratio
14.8%
Trailing, per StockAnalysis
Pays
Quarterly
Buyback yield 8.24%
House verdict
Covered many times over — but a token dividend. A $0.07 quarterly dividend at a 14.8% trailing payout, with an 8.24% buyback yield doing the real returning. The rate has moved both ways — $0.08 through May 2025, $0.06 from June 2025, $0.07 from September 2026 — and 0.46% is not income.
Key risk: The dividend is an afterthought in the capital plan — buybacks do the returning, and the dividend rate has moved both ways.
Changes if: The payout rises past ~40% or the buyback program pauses.
- ✓Covered by earnings 14.8% trailing payout, per StockAnalysis.
- !Token yield 0.46% at the Oct 23 close — a buyback story, not income.
- ✓Buyback return 8.24% buyback yield returns the capital the dividend does not.
What this grade doesn't say: It screens the dividend only — covered, real, compounding. It says nothing about valuation or price: a well-covered payer can still be overpriced, and its price can still fall.