FMC Corporation (NYSE:FMC – Get Free Report) declared a quarterly dividend on Friday, December 12th. Shareholders of record on Wednesday, December 31st will be given a dividend of 0.08 per share by the basic materials company on Thursday, January 15th. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date is Wednesday, December 31st.
FMC has decreased its dividend by an average of 0.3%annually over the last three years. FMC has a payout ratio of 8.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect FMC to earn $3.95 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 8.1%.
FMC Trading Up 2.3%
Shares of FMC opened at $13.87 on Monday. The company’s fifty day moving average is $16.18 and its 200 day moving average is $30.53. FMC has a fifty-two week low of $12.17 and a fifty-two week high of $57.00. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.05 and a current ratio of 1.40. The stock has a market capitalization of $1.73 billion, a PE ratio of -3.28, a P/E/G ratio of 0.62 and a beta of 0.65.
Analyst Upgrades and Downgrades
Several brokerages recently commented on FMC. Royal Bank Of Canada cut their price target on shares of FMC from $33.00 to $17.00 and set an “outperform” rating on the stock in a report on Friday, October 31st. Mizuho decreased their price target on FMC from $30.00 to $24.00 and set an “outperform” rating for the company in a research note on Monday, December 15th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of FMC in a research report on Monday, December 22nd. UBS Group lowered their target price on shares of FMC from $36.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Finally, JPMorgan Chase & Co. cut their price target on shares of FMC from $43.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, November 17th. Three investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $26.46.
Read Our Latest Stock Analysis on FMC
FMC Company Profile
FMC Corporation is a global agricultural sciences company specializing in the development, manufacture and marketing of crop protection products. Its portfolio includes herbicides, insecticides, fungicides and plant nutrition solutions designed to enhance crop yield, quality and sustainability. In addition to core crop protection, FMC delivers solutions for turf management and pest control in urban and industrial environments.
Founded in 1883 as the Bean Spray Pump Company and later known as Food Machinery Corporation, the business adopted the FMC name in 1948 and has since evolved through strategic acquisitions and divestitures.
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