FMC Corporation (NYSE:FMC – Get Free Report) declared a quarterly dividend on Friday, February 27th. Investors of record on Tuesday, March 31st will be paid a dividend of 0.08 per share by the basic materials company on Thursday, April 16th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date is Tuesday, March 31st.
FMC has increased its dividend payment by an average of 0.0%per year over the last three years. FMC has a dividend payout ratio of 8.0% meaning 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 Price Performance
NYSE:FMC opened at $15.74 on Friday. FMC has a 12-month low of $12.17 and a 12-month high of $44.78. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of -0.88, a price-to-earnings-growth ratio of 1.49 and a beta of 0.66. The company’s 50-day moving average is $14.87 and its two-hundred day moving average is $18.93. The company has a current ratio of 1.32, a quick ratio of 1.00 and a debt-to-equity ratio of 1.32.
Wall Street Analysts Forecast Growth
Several research firms have commented on FMC. Wall Street Zen cut FMC from a “hold” rating to a “sell” rating in a report on Saturday. Bank of America dropped their price target on shares of FMC from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Weiss Ratings reiterated a “sell (d)” rating on shares of FMC in a report on Monday, December 29th. UBS Group set a $14.00 price objective on shares of FMC in a research note on Friday, February 6th. Finally, Barclays lowered FMC from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $16.00 to $13.00 in a research report on Tuesday, December 9th. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $19.59.
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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.
Further Reading
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