FMC Corp Plans Quarterly Dividend of $0.17 (FMC)

FMC Corp (NYSE:FMC) declared a quarterly dividend on Tuesday, December 12th, RTT News reports. Shareholders 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 annualized dividend and a yield of 0.74%.

FMC has decreased its dividend payment by an average of 2.9% per year over the last three years and has increased its dividend annually for the last 6 consecutive years. FMC has a payout ratio of 24.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect FMC to earn $5.33 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%.

FMC (NYSE:FMC) traded up $0.83 on Tuesday, reaching $89.64. 934,500 shares of the company’s stock traded hands, compared to its average volume of 1,272,827. The company has a quick ratio of 1.81, a current ratio of 2.19 and a debt-to-equity ratio of 0.70. The company has a market cap of $11,923.79, a PE ratio of 35.67, a P/E/G ratio of 2.98 and a beta of 1.61. FMC has a 1-year low of $56.35 and a 1-year high of $95.25.

FMC (NYSE:FMC) last posted its earnings results on Monday, November 6th. The basic materials company reported $0.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.07. The business had revenue of $646.20 million for the quarter, compared to analysts’ expectations of $686.21 million. FMC had a net margin of 0.78% and a return on equity of 16.77%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.67 EPS. research analysts forecast that FMC will post 2.65 earnings per share for the current fiscal year.

Several equities analysts have issued reports on the stock. Jefferies Group restated a “buy” rating and set a $108.00 target price on shares of FMC in a research note on Thursday, October 12th. Credit Suisse Group restated an “outperform” rating and set a $102.00 target price (up previously from $93.00) on shares of FMC in a research note on Wednesday, November 8th. KeyCorp restated a “buy” rating and set a $112.00 target price on shares of FMC in a research note on Monday, December 4th. Piper Jaffray Companies restated a “hold” rating and set a $92.00 target price on shares of FMC in a research note on Friday, November 10th. Finally, Nomura upped their target price on shares of FMC from $97.00 to $106.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company. FMC has a consensus rating of “Buy” and an average price target of $92.80.

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About FMC

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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