FMC Corporation (NYSE:FMC – Get Free Report) announced a quarterly dividend on Friday, December 12th. Stockholders of record on Wednesday, December 31st will be given a dividend of 0.08 per share by the basic materials company on Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Wednesday, December 31st.
FMC has decreased its dividend payment by an average of 0.3%per year over the last three years. FMC has a payout ratio of 8.0% meaning its dividend is sufficiently covered by earnings. 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 Stock Performance
Shares of FMC stock opened at $13.59 on Monday. The business’s 50 day moving average price is $16.18 and its 200 day moving average price is $30.53. The company has a market cap of $1.70 billion, a price-to-earnings ratio of -3.20, a PEG ratio of 0.62 and a beta of 0.65. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.05 and a current ratio of 1.40. FMC has a one year low of $12.17 and a one year high of $57.00.
Insider Transactions at FMC
In other news, Director John Mitchell Raines purchased 7,000 shares of the firm’s stock in a transaction on Thursday, November 13th. The shares were bought at an average cost of $13.77 per share, for a total transaction of $96,390.00. Following the completion of the purchase, the director directly owned 13,784 shares of the company’s stock, valued at approximately $189,805.68. This trade represents a 103.18% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.67% of the stock is currently owned by insiders.
Institutional Investors Weigh In On FMC
Several institutional investors and hedge funds have recently modified their holdings of FMC. Creative Financial Designs Inc. ADV boosted its holdings in FMC by 180.1% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 815 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 524 shares during the period. AlphaQuest LLC purchased a new position in shares of FMC in the first quarter valued at approximately $74,000. Armistice Capital LLC acquired a new position in shares of FMC in the third quarter valued at approximately $204,000. GAMMA Investing LLC increased its stake in FMC by 16.7% during the 2nd quarter. GAMMA Investing LLC now owns 4,956 shares of the basic materials company’s stock worth $207,000 after buying an additional 711 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in FMC by 201.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,076 shares of the basic materials company’s stock worth $212,000 after buying an additional 3,391 shares in the last quarter. Hedge funds and other institutional investors own 91.86% of the company’s stock.
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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