TechnipFMC plc Ordinary Share (FTI) to Issue Quarterly Dividend of $0.13

TechnipFMC plc Ordinary Share (NYSE:FTI) declared a quarterly dividend on Tuesday, February 20th, RTT News reports. Shareholders of record on Tuesday, March 20th will be paid 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 1.77%. The ex-dividend date is Monday, March 19th.

TechnipFMC plc Ordinary Share has a payout ratio of 32.3% indicating that its dividend is sufficiently covered by earnings. Equities 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%.

Shares of TechnipFMC plc Ordinary Share (NYSE FTI) traded down $0.23 during mid-day trading on Tuesday, reaching $29.38. The company’s stock had a trading volume of 4,597,039 shares, compared to its average volume of 3,754,313. The company has a quick ratio of 1.14, a current ratio of 1.22 and a debt-to-equity ratio of 0.23. TechnipFMC plc Ordinary Share has a one year low of $24.53 and a one year high of $35.00.

A number of research analysts have issued reports on FTI shares. Barclays set a $28.00 price target on TechnipFMC plc Ordinary Share and gave the stock a “hold” rating in a research report on Thursday, October 26th. Royal Bank of Canada reiterated a “buy” rating and set a $37.00 price target on shares of TechnipFMC plc Ordinary Share in a research report on Friday, October 27th. Goldman Sachs Group lowered TechnipFMC plc Ordinary Share from a “buy” rating to a “neutral” rating and set a $30.00 price target for the company. in a research report on Monday, November 13th. HSBC reiterated a “reduce” rating and set a $26.00 price target on shares of TechnipFMC plc Ordinary Share in a research report on Wednesday, November 15th. Finally, Societe Generale started coverage on TechnipFMC plc Ordinary Share in a research report on Thursday, November 16th. They set a “buy” rating and a $38.00 price target for the company. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average 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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