TechnipFMC plc Ordinary Share (FTI) Plans $0.13 Quarterly Dividend

TechnipFMC plc Ordinary Share (NYSE:FTI) declared a quarterly dividend on Tuesday, February 20th, RTT News reports. Investors of record on Tuesday, March 20th will be given a dividend of 0.13 per share by the oil and gas company on Wednesday, April 4th. This represents a $0.52 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend is Monday, March 19th.

TechnipFMC plc Ordinary Share has a payout ratio of 32.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect TechnipFMC plc Ordinary Share to earn $1.26 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 41.3%.

TechnipFMC plc Ordinary Share (FTI) opened at $29.24 on Wednesday. TechnipFMC plc Ordinary Share has a 1-year low of $24.53 and a 1-year high of $35.00. The company has a quick ratio of 1.14, a current ratio of 1.22 and a debt-to-equity ratio of 0.23.

Several equities research analysts have weighed in on the company. Royal Bank of Canada set a $34.00 target price on TechnipFMC plc Ordinary Share and gave the stock a “buy” rating in a report on Thursday, December 21st. Morgan Stanley reiterated a “buy” rating on shares of TechnipFMC plc Ordinary Share in a report on Wednesday, December 6th. HSBC cut TechnipFMC plc Ordinary Share from a “hold” rating to a “reduce” rating and set a $26.00 target price for the company. in a report on Wednesday, November 15th. ValuEngine cut TechnipFMC plc Ordinary Share from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Barclays lowered their target price on TechnipFMC plc Ordinary Share from $30.00 to $28.00 and set an “equal weight” rating for the company in a report on Friday, October 27th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $32.97.

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TechnipFMC plc Ordinary Share Company Profile

FMC Technologies, Inc is a global provider of technology solutions for the energy industry. The Company designs, manufactures and services a range of systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions and marine loading systems.

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