04:48 PM EDT, 05/27/2025 (MT Newswires) -- Fortive ( FTV ) said late Tuesday that its board authorized a pro rata dividend of 100% of the common shares of Ralliant to its shareholders, payable June 28 to holders of record June 16 in connection with the separation of Ralliant.

Fortive ( FTV ) shareholders will receive one Ralliant share for every three shares of Fortive ( FTV ), according to a statement.

Fortive ( FTV ) expects "when-issued" trading of Ralliant common stock on the New York Stock Exchange under the ticker RAL WI, starting June 25. "Regular-way" trading of Ralliant shares is expected on June 30, under the symbol RAL.

The company also expanded its share buyback program by 15.63 million shares and declared a special purpose share repurchase program of up to $550 million of common shares from the proceeds of the $1.15 billion pre-separation cash dividend from Ralliant to Fortive ( FTV ).