TechnipFMC plc Plans Quarterly Dividend of $0.05 (NYSE:FTI)

TechnipFMC plc (NYSE:FTI) announced a quarterly dividend on Tuesday, July 28th. Investors of record on Tuesday, August 18th will be paid a dividend of 0.05 per share by the oil and gas company on Wednesday, September 2nd. This represents a c) annualized dividend and a yield of 0.3%. The ex-dividend date is Tuesday, August 18th.

TechnipFMC has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. TechnipFMC has a dividend payout ratio of 8.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect TechnipFMC to earn $3.49 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 5.7%.

TechnipFMC Stock Up 1.0%

Shares of FTI traded up $0.74 during mid-day trading on Wednesday, reaching $73.13. 558,785 shares of the stock traded hands, compared to its average volume of 4,270,319. TechnipFMC has a 12-month low of $34.27 and a 12-month high of $77.92. The firm has a market cap of $29.16 billion, a price-to-earnings ratio of 28.05, a P/E/G ratio of 1.58 and a beta of 0.70. The company has a quick ratio of 0.88, a current ratio of 1.13 and a debt-to-equity ratio of 0.13. The stock has a fifty day simple moving average of $69.53 and a 200 day simple moving average of $66.66.

TechnipFMC (NYSE:FTI) last announced its earnings results on Thursday, April 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.07. The company had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.52 billion. TechnipFMC had a return on equity of 34.06% and a net margin of 10.62%.TechnipFMC’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.33 EPS. Sell-side analysts expect that TechnipFMC will post 3.01 EPS for the current fiscal year.

About TechnipFMC

TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company’s activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.

Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.