FMC Co. (FMC) to Distribute Quarterly Dividend of $0.58 on April 17th

FMC Co. (NYSE:FMC) declared a quarterly dividend on Friday, February 28th, RTT News reports. Shareholders 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 annualized dividend and a yield of 6.29%.

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 55.9% indicating that 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 Trading Down 2.2 %

Shares of FMC opened at $36.87 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.67. The firm’s 50-day moving average is $46.73 and its two-hundred day moving average is $55.95. FMC has a twelve month low of $33.80 and a twelve month high of $68.72. The firm has a market capitalization of $4.60 billion, a P/E ratio of 13.55, a PEG ratio of 1.90 and a beta of 0.84.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. KeyCorp reduced their price target on shares of FMC from $55.00 to $51.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Citigroup upped their price target on shares of FMC from $55.00 to $61.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Royal Bank of Canada downgraded shares of FMC from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $78.00 to $47.00 in a report on Wednesday, February 5th. StockNews.com downgraded shares of FMC from a “buy” rating to a “hold” rating in a report on Saturday, February 22nd. Finally, Redburn Atlantic lowered shares of FMC from a “buy” rating to a “neutral” rating and set a $49.00 target price on the stock. in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $52.23.

Insider Buying and Selling at FMC

In other FMC news, EVP Michael Finian Reilly sold 2,958 shares of FMC stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $55.25, for a total value of $163,429.50. Following the transaction, the executive vice president now owns 25,468 shares in the company, valued at $1,407,107. This trade represents a 10.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.85% of the stock is owned by company insiders.

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.