FMC Corporation (NYSE:FMC – Get Free Report) announced a quarterly dividend on Thursday, July 23rd. Shareholders of record on Wednesday, September 30th will be paid a dividend of 0.08 per share by the basic materials company on Thursday, October 15th. This represents a c) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, September 30th.
FMC has increased its dividend by an average of 0.0%annually over the last three years. FMC has a payout ratio of 8.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect FMC to earn $2.06 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 15.5%.
FMC Trading Down 0.6%
NYSE:FMC opened at $11.71 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.29 and a debt-to-equity ratio of 1.50. The company’s 50 day moving average is $11.87 and its 200-day moving average is $14.06. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of -0.59 and a beta of 0.38. FMC has a 12 month low of $10.56 and a 12 month high of $43.65.
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.
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