FMC Corp Plans Quarterly Dividend of $0.17 (FMC)
FMC Corp (NYSE:FMC) declared a quarterly dividend on Tuesday, December 12th, RTT News reports. Shareholders of record on Friday, December 29th will be given a dividend of 0.165 per share by the basic materials company on Thursday, January 18th. This represents a $0.66 annualized dividend and a yield of 0.74%.
FMC has decreased its dividend payment by an average of 2.9% per year over the last three years and has increased its dividend annually for the last 6 consecutive years. FMC has a payout ratio of 24.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect FMC to earn $5.33 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 12.4%.
FMC (NYSE:FMC) traded up $0.83 on Tuesday, reaching $89.64. 934,500 shares of the company’s stock traded hands, compared to its average volume of 1,272,827. The company has a quick ratio of 1.81, a current ratio of 2.19 and a debt-to-equity ratio of 0.70. The company has a market cap of $11,923.79, a PE ratio of 35.67, a P/E/G ratio of 2.98 and a beta of 1.61. FMC has a 1-year low of $56.35 and a 1-year high of $95.25.
Several equities analysts have issued reports on the stock. Jefferies Group restated a “buy” rating and set a $108.00 target price on shares of FMC in a research note on Thursday, October 12th. Credit Suisse Group restated an “outperform” rating and set a $102.00 target price (up previously from $93.00) on shares of FMC in a research note on Wednesday, November 8th. KeyCorp restated a “buy” rating and set a $112.00 target price on shares of FMC in a research note on Monday, December 4th. Piper Jaffray Companies restated a “hold” rating and set a $92.00 target price on shares of FMC in a research note on Friday, November 10th. Finally, Nomura upped their target price on shares of FMC from $97.00 to $106.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company. FMC has a consensus rating of “Buy” and an average price target of $92.80.
COPYRIGHT VIOLATION NOTICE: This article was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another publication, it was stolen and reposted in violation of US and international copyright law. The original version of this article can be viewed at https://www.americanbankingnews.com/2017/12/12/fmc-corp-plans-quarterly-dividend-of-0-17-fmc.html.
FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. As of December 31, 2016, the FMC Agricultural Solutions segment developed, marketed and sold three classes of crop protection chemicals: insecticides, herbicides and fungicides.
Receive News & Ratings for FMC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FMC and related companies with MarketBeat.com's FREE daily email newsletter.