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

TechnipFMC plc (NYSE:FTI) announced a quarterly dividend on Tuesday, April 28th. Shareholders of record on Tuesday, May 19th will be given a dividend of 0.05 per share by the oil and gas company on Wednesday, June 3rd. This represents a c) dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Tuesday, May 19th.

TechnipFMC has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. TechnipFMC has a payout ratio of 8.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect TechnipFMC to earn $3.45 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 5.8%.

TechnipFMC Trading Up 1.0%

NYSE:FTI opened at $76.21 on Wednesday. TechnipFMC has a 1 year low of $27.70 and a 1 year high of $76.83. The stock has a market cap of $30.60 billion, a P/E ratio of 32.99, a P/E/G ratio of 1.53 and a beta of 0.71. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.89 and a current ratio of 1.13. The stock has a 50-day simple moving average of $68.50 and a 200-day simple moving average of $54.68.

TechnipFMC (NYSE:FTI) last posted its earnings results on Saturday, February 14th. The oil and gas company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.19. The firm had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.54 billion. TechnipFMC had a return on equity of 31.14% and a net margin of 9.70%.The firm’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.54 earnings per share. As a group, analysts anticipate that TechnipFMC will post 2.92 earnings per share for the current fiscal year.

TechnipFMC Company Profile

TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company’s activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.

Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.