FMC Corp (FMC) To Go Ex-Dividend on December 28th

FMC Corp (NYSE:FMC) announced a quarterly dividend on Tuesday, December 12th, RTT News reports. Investors of record on Friday, December 29th will be given a dividend of 0.165 per share by the basic materials company on Thursday, January 18th. This represents a $0.66 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Thursday, December 28th.

FMC has decreased its dividend by an average of 2.9% annually over the last three years and has raised its dividend every year for the last 6 years. FMC has a dividend payout ratio of 24.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect FMC to earn $5.34 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 12.4%.

Shares of FMC (NYSE FMC) traded up $0.08 during mid-day trading on Wednesday, reaching $95.54. 490,900 shares of the company’s stock traded hands, compared to its average volume of 1,261,966. The firm has a market cap of $12,850.00, a price-to-earnings ratio of 65.44, a P/E/G ratio of 3.20 and a beta of 1.61. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.81 and a current ratio of 2.19. FMC has a 52 week low of $56.35 and a 52 week high of $96.02.

FMC (NYSE:FMC) last announced its quarterly earnings data on Monday, November 6th. The basic materials company reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.07. FMC had a net margin of 0.78% and a return on equity of 16.77%. The company had revenue of $646.20 million during the quarter, compared to analyst estimates of $686.21 million. During the same period last year, the business earned $0.67 EPS. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. equities research analysts predict that FMC will post 2.65 earnings per share for the current fiscal year.

Several research analysts have recently commented on the stock. KeyCorp reaffirmed a “buy” rating and issued a $112.00 price target on shares of FMC in a report on Monday, December 4th. Loop Capital began coverage on shares of FMC in a research report on Thursday, September 28th. They issued a “buy” rating and a $102.00 price objective on the stock. BMO Capital Markets lifted their price objective on shares of FMC from $80.00 to $90.00 and gave the company a “market perform” rating in a research report on Wednesday, November 8th. They noted that the move was a valuation call. Piper Jaffray Companies set a $85.00 price objective on shares of FMC and gave the company a “hold” rating in a research report on Friday, October 6th. Finally, Stephens initiated coverage on shares of FMC in a research report on Monday, December 4th. They issued an “equal weight” rating and a $91.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $92.70.

In related news, insider Nicholas Pfeiffer sold 375 shares of the company’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $90.33, for a total transaction of $33,873.75. Following the completion of the transaction, the insider now directly owns 6,856 shares in the company, valued at approximately $619,302.48. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by insiders.

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FMC Company Profile

FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. As of December 31, 2016, the FMC Agricultural Solutions segment developed, marketed and sold three classes of crop protection chemicals: insecticides, herbicides and fungicides.

Dividend History for FMC (NYSE:FMC)

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