FMC Corporation (NYSE:FMC – Get Free Report) declared a quarterly dividend on Tuesday, April 28th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.08 per share by the basic materials company on Thursday, July 16th. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Tuesday, June 30th.
FMC has raised its dividend payment by an average of 0.0%annually 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 $2.26 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 14.2%.
FMC Trading Up 3.7%
FMC opened at $11.74 on Friday. The business has a 50 day simple moving average of $13.24 and a two-hundred day simple moving average of $14.36. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of -0.59, a PEG ratio of 0.93 and a beta of 0.35. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.29 and a quick ratio of 0.96. FMC has a one year low of $10.72 and a one year high of $44.68.
About FMC
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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