TechnipFMC plc Plans Quarterly Dividend of $0.05 (NYSE:FTI)

TechnipFMC plc (NYSE:FTI) announced a quarterly dividend on Tuesday, February 17th. Investors of record on Tuesday, March 17th will be given a dividend of 0.05 per share by the oil and gas company on Wednesday, April 1st. This represents a c) annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Tuesday, March 17th.

TechnipFMC has decreased its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 1 years. TechnipFMC has a payout ratio of 8.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect TechnipFMC to earn $2.02 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 9.9%.

TechnipFMC Stock Performance

FTI traded up $1.50 on Wednesday, reaching $62.77. The stock had a trading volume of 680,891 shares, compared to its average volume of 3,453,113. The business’s 50-day moving average price is $51.41 and its two-hundred day moving average price is $43.80. The company has a market cap of $25.39 billion, a P/E ratio of 27.92, a price-to-earnings-growth ratio of 1.19 and a beta of 0.69. TechnipFMC has a 12-month low of $22.11 and a 12-month high of $62.98. The company has a current ratio of 1.13, a quick ratio of 0.90 and a debt-to-equity ratio of 0.14.

TechnipFMC Company Profile

TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company’s activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.

Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.