TechnipFMC plc (NYSE:FTI) Announces $0.05 Quarterly Dividend

TechnipFMC plc (NYSE:FTI) announced a quarterly dividend on Tuesday, February 25th, RTT News reports. Stockholders of record on Tuesday, March 18th will be paid a dividend of 0.05 per share by the oil and gas company on Wednesday, April 2nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Tuesday, March 18th.

TechnipFMC has a dividend payout ratio of 8.0% indicating that its dividend is sufficiently covered by earnings. Equities research 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

FTI opened at $27.84 on Thursday. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. The company has a market cap of $11.84 billion, a price-to-earnings ratio of 18.32 and a beta of 1.52. The company’s 50 day moving average is $30.60 and its 200 day moving average is $28.56. TechnipFMC has a 12-month low of $21.36 and a 12-month high of $33.45.

Wall Street Analyst Weigh In

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