FMC Co. (NYSE:FMC) Announces $0.58 Quarterly Dividend

FMC Co. (NYSE:FMC - Get Free Report) declared a quarterly dividend on Wednesday, April 30th, RTT News reports. Shareholders of record on Monday, June 30th will be given a dividend of 0.58 per share by the basic materials company on Thursday, July 17th. This represents a $2.32 annualized dividend and a yield of 6.14%. The ex-dividend date of this dividend is Monday, June 30th.

FMC has raised its dividend payment by an average of 5.6% annually over the last three years. FMC has a dividend payout ratio of 57.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect FMC to earn $3.95 per share next year, which means the company should continue to be able to cover its $2.32 annual dividend with an expected future payout ratio of 58.7%.

FMC Price Performance

Shares of NYSE FMC traded down $0.64 during mid-day trading on Friday, hitting $37.81. 2,437,687 shares of the company's stock traded hands, compared to its average volume of 2,059,098. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64 and a quick ratio of 1.24. FMC has a 1 year low of $32.83 and a 1 year high of $68.72. The company's 50-day moving average is $39.49 and its two-hundred day moving average is $48.33. The company has a market capitalization of $4.72 billion, a P/E ratio of 13.90, a PEG ratio of 1.90 and a beta of 0.83.

FMC (NYSE:FMC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.10. The business had revenue of $791.40 million for the quarter, compared to the consensus estimate of $783.70 million. FMC had a return on equity of 9.67% and a net margin of 8.03%. The company's quarterly revenue was down 13.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.36 earnings per share. On average, equities analysts anticipate that FMC will post 3.48 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Ronaldo Pereira acquired 5,600 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average cost of $35.77 per share, for a total transaction of $200,312.00. Following the purchase, the insider now directly owns 48,837 shares of the company's stock, valued at $1,746,899.49. This trade represents a 12.95 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Carol Anthony Davidson bought 6,000 shares of the business's stock in a transaction on Wednesday, March 5th. The stock was bought at an average price of $37.33 per share, for a total transaction of $223,980.00. Following the purchase, the director now directly owns 6,000 shares of the company's stock, valued at $223,980. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. The Goldman Sachs Group began coverage on shares of FMC in a research note on Thursday, March 13th. They issued a "buy" rating and a $51.00 target price on the stock. Bank of America reissued an "underperform" rating and issued a $48.00 price objective (down from $61.00) on shares of FMC in a research report on Wednesday, February 5th. Vertical Research upgraded FMC to a "hold" rating in a research report on Wednesday, February 5th. Royal Bank of Canada downgraded FMC from an "outperform" rating to a "sector perform" rating and reduced their price target for the stock from $78.00 to $47.00 in a report on Wednesday, February 5th. Finally, UBS Group boosted their price objective on FMC from $38.00 to $41.00 and gave the company a "neutral" rating in a report on Thursday. One analyst has rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, FMC presently has a consensus rating of "Hold" and a consensus price target of $49.46.

About FMC

FMC Corporation, an agricultural sciences company, provides crop protection, plant health, and professional pest and turf management products. It develops, markets, and sells crop protection chemicals that includes insecticides, herbicides, and fungicides; and biologicals, crop nutrition, and seed treatment products, which are used in agriculture to enhance crop yield and quality by controlling a range of insects, weeds, and diseases, as well as in non-agricultural markets for pest control.