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

FMC Co. (NYSE:FMC) declared a quarterly dividend on Friday, February 28th, RTT News reports. Stockholders of record on Monday, March 31st will be paid a dividend of 0.58 per share by the basic materials company on Thursday, April 17th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 6.29%.

FMC has raised its dividend by an average of 5.6% annually over the last three years. FMC has a payout ratio of 55.9% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

NYSE:FMC traded down $0.84 during mid-day trading on Friday, hitting $36.87. The stock had a trading volume of 2,895,777 shares, compared to its average volume of 2,937,421. The company’s 50 day simple moving average is $47.00 and its 200 day simple moving average is $56.15. The stock has a market cap of $4.60 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 1.90 and a beta of 0.84. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.24 and a current ratio of 1.64. FMC has a twelve month low of $33.80 and a twelve month high of $68.72.

FMC (NYSE:FMC) last issued its earnings results on Tuesday, February 4th. The basic materials company reported $1.79 EPS for the quarter, topping the consensus estimate of $1.65 by $0.14. FMC had a return on equity of 9.67% and a net margin of 8.03%. On average, equities research analysts forecast that FMC will post 3.48 earnings per share for the current year.

Insider Activity at FMC

In related news, EVP Michael Finian Reilly sold 2,958 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $55.25, for a total transaction of $163,429.50. Following the completion of the transaction, the executive vice president now directly owns 25,468 shares in the company, valued at $1,407,107. This represents a 10.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.81% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on FMC shares. BMO Capital Markets cut their target price on shares of FMC from $62.00 to $50.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. StockNews.com cut FMC from a “buy” rating to a “hold” rating in a report on Saturday, February 22nd. Mizuho lowered their target price on FMC from $70.00 to $55.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Redburn Atlantic lowered FMC from a “buy” rating to a “neutral” rating and set a $49.00 price objective on the stock. in a report on Friday, February 14th. Finally, Morgan Stanley lowered their price objective on FMC from $70.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $52.23.

FMC Company Profile

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.