FMC Corporation (NYSE:FMC – Get Free Report) announced a quarterly dividend on Thursday, July 23rd. Stockholders of record on Wednesday, September 30th will be given a dividend of 0.08 per share by the basic materials company on Thursday, October 15th. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Wednesday, September 30th.
FMC has increased its dividend payment by an average of 0.0%annually 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 $2.06 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 3.0%
Shares of FMC opened at $11.34 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.29 and a quick ratio of 0.96. The firm has a 50 day simple moving average of $11.81 and a 200-day simple moving average of $14.04. FMC has a 1-year low of $10.56 and a 1-year high of $43.34. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of -0.57 and a beta of 0.38.
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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