TechnipFMC plc (NYSE:FTI – Get Free Report) declared a quarterly dividend on Tuesday, February 25th, RTT News reports. Shareholders of record on Tuesday, March 18th will be paid a dividend of 0.05 per share by the oil and gas company on Wednesday, April 2nd. This represents a $0.20 annualized dividend and a yield of 0.73%. The ex-dividend date is Tuesday, March 18th.
TechnipFMC has a dividend payout ratio of 8.0% indicating that its dividend is sufficiently covered by earnings. Research 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 Price Performance
FTI opened at $27.25 on Friday. TechnipFMC has a 12-month low of $22.99 and a 12-month high of $33.45. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. The business’s fifty day simple moving average is $30.07 and its 200-day simple moving average is $28.60. The company has a market capitalization of $11.46 billion, a price-to-earnings ratio of 17.92 and a beta of 1.54.
Analyst Ratings Changes
Read Our Latest Stock Report on TechnipFMC
Insider Buying and Selling at TechnipFMC
In other news, CAO David Light sold 10,147 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $24.90, for a total value of $252,660.30. Following the transaction, the chief accounting officer now owns 7,529 shares in the company, valued at $187,472.10. This trade represents a 57.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Justin Rounce sold 42,178 shares of TechnipFMC stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $26.55, for a total value of $1,119,825.90. Following the transaction, the executive vice president now owns 140,207 shares in the company, valued at approximately $3,722,495.85. The trade was a 23.13 % decrease in their position. The disclosure for this sale can be found here. 1.06% of the stock is owned by corporate insiders.
About TechnipFMC
TechnipFMC plc engages in the energy projects, technologies, and systems and services businesses in Europe, Central Asia, North America, Latin America, the Asia Pacific, Africa, the Middle East, and internationally. It operates through two segments: Subsea and Surface Technologies. The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation.
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