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

TechnipFMC plc (NYSE:FTI) declared a quarterly dividend on Wednesday, October 22nd. Investors of record on Tuesday, November 18th will be paid a dividend of 0.05 per share by the oil and gas company on Wednesday, December 3rd. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, November 18th.

TechnipFMC has a payout ratio of 8.0% meaning its dividend is sufficiently covered by earnings. Equities 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 Up 3.1%

Shares of TechnipFMC stock opened at $37.59 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.10 and a quick ratio of 0.86. The company has a 50-day moving average of $37.75 and a 200 day moving average of $33.77. The firm has a market cap of $15.45 billion, a price-to-earnings ratio of 17.73, a PEG ratio of 1.07 and a beta of 1.04. TechnipFMC has a 1 year low of $22.11 and a 1 year high of $41.29.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.11. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.49 billion. TechnipFMC had a net margin of 9.60% and a return on equity of 29.42%. TechnipFMC’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the business earned $0.43 EPS. As a group, sell-side analysts anticipate that TechnipFMC will post 1.63 earnings per share for the current fiscal year.

TechnipFMC declared that its Board of Directors has initiated a stock buyback program on Wednesday, October 22nd that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the oil and gas company to repurchase up to 13.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its shares are undervalued.

TechnipFMC Company Profile

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.