TechnipFMC plc (NYSE:FTI) to Issue $0.05 Quarterly Dividend

TechnipFMC plc (NYSE:FTI) announced a quarterly dividend on Tuesday, February 25th, RTT News reports. Shareholders of record on Tuesday, March 18th will be given 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 0.72%.

TechnipFMC has a dividend payout ratio of 8.0% meaning its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of NYSE FTI traded down $0.11 during midday trading on Wednesday, reaching $27.74. The company’s stock had a trading volume of 533,856 shares, compared to its average volume of 3,321,279. The firm has a 50 day moving average price of $30.62 and a 200-day moving average price of $28.56. The stock has a market capitalization of $11.80 billion, a P/E ratio of 18.31 and a beta of 1.52. TechnipFMC has a 12-month low of $21.36 and a 12-month high of $33.45. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 0.89.

Analyst Ratings Changes

A number of analysts recently issued reports on FTI shares. Barclays boosted their price objective on TechnipFMC from $37.00 to $42.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. TD Cowen reiterated a “buy” rating and issued a $37.00 target price on shares of TechnipFMC in a research note on Wednesday, November 27th. Royal Bank of Canada assumed coverage on TechnipFMC in a report on Monday, November 18th. They issued an “outperform” rating and a $37.00 price target on the stock. StockNews.com raised TechnipFMC from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Finally, Piper Sandler began coverage on shares of TechnipFMC in a research note on Thursday, December 19th. They issued an “overweight” rating and a $39.00 target price on the stock. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, TechnipFMC has a consensus rating of “Buy” and a consensus price target of $36.15.

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.