TechnipFMC plc (NYSE:FTI) Declares Quarterly Dividend of $0.05

TechnipFMC plc (NYSE:FTI) declared a quarterly dividend on Tuesday, February 17th. Shareholders of record on Tuesday, March 17th will be given a dividend of 0.05 per share by the oil and gas company on Wednesday, April 1st. This represents a c) annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Tuesday, March 17th.

TechnipFMC has decreased its dividend by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 1 years. 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 Up 2.4%

Shares of TechnipFMC stock traded up $1.50 during mid-day trading on Wednesday, hitting $62.77. The stock had a trading volume of 680,891 shares, compared to its average volume of 3,453,113. The firm has a 50-day moving average of $51.41 and a two-hundred day moving average of $43.80. The firm has a market cap of $25.39 billion, a P/E ratio of 27.92, a price-to-earnings-growth ratio of 1.19 and a beta of 0.69. The company has a quick ratio of 0.90, a current ratio of 1.13 and a debt-to-equity ratio of 0.14. TechnipFMC has a 12-month low of $22.11 and a 12-month high of $62.98.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Susquehanna raised their target price on TechnipFMC from $48.00 to $56.00 and gave the stock a “positive” rating in a research note on Wednesday, January 7th. Jefferies Financial Group raised their price objective on TechnipFMC from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. UBS Group reaffirmed an “outperform” rating on shares of TechnipFMC in a research report on Tuesday, October 28th. Citigroup increased their target price on shares of TechnipFMC from $45.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of TechnipFMC in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $48.58.

TechnipFMC Company Profile

TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company’s activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.

Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.