TechnipFMC plc (FTI) To Go Ex-Dividend on August 18th

TechnipFMC plc (NYSE:FTI) announced a quarterly dividend on Tuesday, July 28th. Shareholders of record on Tuesday, August 18th will be given a dividend of 0.05 per share by the oil and gas company on Wednesday, September 2nd. This represents a c) dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Tuesday, August 18th.

TechnipFMC has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. TechnipFMC has a payout ratio of 8.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect TechnipFMC to earn $3.51 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 5.7%.

TechnipFMC Price Performance

FTI stock opened at $78.63 on Friday. The business’s 50-day moving average is $70.30 and its two-hundred day moving average is $68.41. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.08 and a quick ratio of 0.85. The firm has a market capitalization of $30.84 billion, a P/E ratio of 27.30, a P/E/G ratio of 1.62 and a beta of 0.72. TechnipFMC has a 1 year low of $34.27 and a 1 year high of $79.23.

TechnipFMC (NYSE:FTI) last released its earnings results on Thursday, July 30th. The oil and gas company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The firm had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.67 billion. TechnipFMC had a net margin of 11.28% and a return on equity of 36.54%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 earnings per share. Analysts anticipate that TechnipFMC will post 3.06 earnings per share for the current fiscal year.

About TechnipFMC

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.