FMC Corporation (NYSE:FMC – Get Free Report) declared a quarterly dividend on Tuesday, April 28th. Investors of record on Tuesday, June 30th will be given a dividend of 0.08 per share by the basic materials company on Thursday, July 16th. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, June 30th.
FMC has increased its dividend payment by an average of 0.0%per year over the last three years. FMC has a payout ratio of 8.0% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance
NYSE FMC traded down $0.17 during trading hours on Wednesday, reaching $15.10. The company’s stock had a trading volume of 192,020 shares, compared to its average volume of 3,876,179. The firm’s 50-day moving average price is $15.44 and its 200-day moving average price is $16.14. The company has a quick ratio of 1.00, a current ratio of 1.32 and a debt-to-equity ratio of 1.32. FMC has a 1 year low of $12.17 and a 1 year high of $44.78. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of -0.84, a PEG ratio of 1.47 and a beta of 0.51.
Insider Activity
In other news, Director Michael F. Barry acquired 18,072 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were acquired at an average cost of $13.83 per share, with a total value of $249,935.76. Following the acquisition, the director directly owned 19,634 shares of the company’s stock, valued at approximately $271,538.22. The trade was a 1,156.98% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.82% of the stock is owned by company insiders.
Institutional Trading of FMC
A number of institutional investors have recently bought and sold shares of FMC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in FMC by 11.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,448 shares of the basic materials company’s stock valued at $2,171,000 after acquiring an additional 5,091 shares during the last quarter. Focus Partners Wealth boosted its stake in shares of FMC by 137.7% during the 1st quarter. Focus Partners Wealth now owns 21,427 shares of the basic materials company’s stock worth $904,000 after purchasing an additional 12,414 shares during the period. State of Tennessee Department of Treasury grew its holdings in FMC by 45.1% during the 2nd quarter. State of Tennessee Department of Treasury now owns 57,504 shares of the basic materials company’s stock valued at $2,401,000 after purchasing an additional 17,878 shares during the last quarter. Farther Finance Advisors LLC raised its position in FMC by 4.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 11,291 shares of the basic materials company’s stock worth $380,000 after purchasing an additional 442 shares during the period. Finally, SG Americas Securities LLC lifted its stake in FMC by 290.5% in the third quarter. SG Americas Securities LLC now owns 97,781 shares of the basic materials company’s stock worth $3,288,000 after purchasing an additional 72,743 shares during the last quarter. 91.86% of the stock is currently owned by institutional investors.
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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