FMC Corporation (NYSE:FMC – Get Free Report) announced a quarterly dividend on Friday, February 27th. Investors of record on Tuesday, March 31st will be given a dividend of 0.08 per share by the basic materials company on Thursday, April 16th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Tuesday, March 31st.
FMC has increased its dividend by an average of 0.0%annually over the last three years. FMC has a dividend payout ratio of 8.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect FMC to earn $3.95 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 8.1%.
FMC Price Performance
Shares of FMC stock opened at $15.74 on Friday. The firm has a market cap of $1.97 billion, a P/E ratio of -0.88, a P/E/G ratio of 1.49 and a beta of 0.66. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.32 and a quick ratio of 1.00. FMC has a 1-year low of $12.17 and a 1-year high of $44.78. The firm has a fifty day moving average of $14.87 and a two-hundred day moving average of $18.93.
Insider Transactions at FMC
In other news, Director Michael F. Barry purchased 18,072 shares of FMC stock in a transaction dated Wednesday, March 4th. The stock was bought at an average price of $13.83 per share, with a total value of $249,935.76. Following the completion of the acquisition, the director owned 19,634 shares in the company, valued at $271,538.22. The trade was a 1,156.98% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.82% of the company’s stock.
Institutional Trading of FMC
Hedge funds have recently bought and sold shares of the company. Armistice Capital LLC acquired a new position in FMC during the 3rd quarter valued at about $204,000. EverSource Wealth Advisors LLC raised its holdings in shares of FMC by 201.2% during the second quarter. EverSource Wealth Advisors LLC now owns 5,076 shares of the basic materials company’s stock valued at $212,000 after buying an additional 3,391 shares during the last quarter. Entropy Technologies LP bought a new stake in shares of FMC during the third quarter valued at approximately $267,000. Farther Finance Advisors LLC boosted its position in shares of FMC by 4.1% during the third quarter. Farther Finance Advisors LLC now owns 11,291 shares of the basic materials company’s stock worth $380,000 after buying an additional 442 shares during the period. Finally, Cary Street Partners Financial LLC boosted its position in shares of FMC by 26.0% during the third quarter. Cary Street Partners Financial LLC now owns 18,173 shares of the basic materials company’s stock worth $611,000 after buying an additional 3,749 shares during the period. 91.86% of the stock is currently owned by institutional investors.
About FMC
FMC Corporation is a global agricultural sciences company specializing in the development, manufacture and marketing of crop protection products. Its portfolio includes herbicides, insecticides, fungicides and plant nutrition solutions designed to enhance crop yield, quality and sustainability. In addition to core crop protection, FMC delivers solutions for turf management and pest control in urban and industrial environments.
Founded in 1883 as the Bean Spray Pump Company and later known as Food Machinery Corporation, the business adopted the FMC name in 1948 and has since evolved through strategic acquisitions and divestitures.
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