FMC Corp (NYSE:FMC) announced a quarterly dividend on Friday, July 19th, RTT News reports. Stockholders of record on Monday, September 30th will be given a dividend of 0.40 per share by the basic materials company on Thursday, October 17th. This represents a $1.60 annualized dividend and a dividend yield of 1.92%.
FMC has increased its dividend by an average of 0.8% annually over the last three years. FMC has a payout ratio of 26.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect FMC to earn $6.64 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 24.1%.
FMC stock opened at $83.37 on Friday. The business’s 50 day moving average price is $81.50. The company has a quick ratio of 0.92, a current ratio of 1.26 and a debt-to-equity ratio of 0.77. The company has a market cap of $10.98 billion, a price-to-earnings ratio of 13.51, a PEG ratio of 1.34 and a beta of 1.51. FMC has a 1-year low of $69.36 and a 1-year high of $92.76.
In other FMC news, insider Mark Douglas sold 18,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $75.12, for a total value of $1,389,720.00. Following the completion of the transaction, the insider now owns 47,594 shares of the company’s stock, valued at approximately $3,575,261.28. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Nicholas Pfeiffer sold 2,446 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $80.67, for a total transaction of $197,318.82. The disclosure for this sale can be found here. In the last three months, insiders sold 53,946 shares of company stock valued at $3,999,009. Corporate insiders own 1.50% of the company’s stock.
FMC has been the topic of a number of analyst reports. KeyCorp set a $37.00 target price on shares of SeaWorld Entertainment and gave the stock a “buy” rating in a report on Friday, April 12th. Citigroup initiated coverage on shares of Charter Communications in a report on Thursday, June 13th. They set a “buy” rating and a $480.00 target price on the stock. Royal Bank of Canada reaffirmed a “neutral” rating and set a $145.00 target price on shares of Travelers Companies in a report on Thursday, April 18th. Zacks Investment Research raised shares of Global Ship Lease from a “hold” rating to a “strong-buy” rating and set a $7.75 target price on the stock in a report on Monday, June 3rd. Finally, Morgan Stanley upped their target price on shares of United Technologies from $155.00 to $164.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $93.25.
FMC Company Profile
FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. The company operates in two segments, FMC Agricultural Solutions and FMC Lithium. The FMC Agricultural Solutions segment develops, manufactures, markets, and sells crop protection chemicals, including insecticides, herbicides, and fungicides that are used in agriculture to enhance crop yield and quality by controlling a range of insects, weeds, and diseases, as well as in non-agricultural markets for pest control.
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