TechnipFMC plc (FTI) to Issue Quarterly Dividend of $0.05 on April 2nd

TechnipFMC plc (NYSE:FTI) announced a quarterly dividend on Tuesday, February 25th, RTT News reports. Shareholders of record on Tuesday, March 18th will be paid a dividend of 0.05 per share by the oil and gas company on Wednesday, April 2nd. This represents a $0.20 annualized dividend and a yield of 0.72%. The ex-dividend date is Tuesday, March 18th.

TechnipFMC has a payout ratio of 8.0% meaning its dividend is sufficiently covered by earnings. Analysts expect TechnipFMC to earn $2.02 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 9.9%.

TechnipFMC Trading Down 0.0 %

Shares of FTI opened at $27.84 on Thursday. The stock has a market capitalization of $11.84 billion, a P/E ratio of 18.32 and a beta of 1.52. The company has a quick ratio of 0.89, a current ratio of 1.14 and a debt-to-equity ratio of 0.22. The firm has a fifty day simple moving average of $30.60 and a two-hundred day simple moving average of $28.56. TechnipFMC has a twelve month low of $21.36 and a twelve month high of $33.45.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on FTI shares. Royal Bank of Canada initiated coverage on shares of TechnipFMC in a research report on Monday, November 18th. They set an “outperform” rating and a $37.00 price target for the company. TD Cowen reaffirmed a “buy” rating and issued a $37.00 target price on shares of TechnipFMC in a research report on Wednesday, November 27th. Jefferies Financial Group raised shares of TechnipFMC from a “hold” rating to a “buy” rating and raised their target price for the stock from $29.00 to $40.00 in a research report on Friday, December 6th. Piper Sandler initiated coverage on shares of TechnipFMC in a research report on Thursday, December 19th. They issued an “overweight” rating and a $39.00 target price for the company. Finally, StockNews.com raised shares of TechnipFMC from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, TechnipFMC presently has a consensus rating of “Buy” and a consensus price target of $36.15.

TechnipFMC Company Profile

TechnipFMC plc engages in the energy projects, technologies, and systems and services businesses in Europe, Central Asia, North America, Latin America, the Asia Pacific, Africa, the Middle East, and internationally. It operates through two segments: Subsea and Surface Technologies. The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation.