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

TechnipFMC plc (NYSE:FTI) announced a quarterly dividend on Tuesday, October 27th. Shareholders of record on Tuesday, November 17th will be paid a dividend of $0.05 per share by the oil and gas company on Wednesday, December 2nd. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Tuesday, November 17th.

TechnipFMC has raised its dividend by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 1 years. TechnipFMC has a dividend payout ratio of 8.0% meaning its dividend is sufficiently covered by earnings. Analysts expect TechnipFMC to earn $3.72 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 5.4%.

TechnipFMC Stock Up 1.6%

Shares of TechnipFMC stock opened at $71.55 on Wednesday. The company has a 50 day moving average of $72.84 and a 200-day moving average of $68.70. TechnipFMC has a 1-year low of $40.52 and a 1-year high of $80.70.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The firm had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.67 billion. During the same period last year, the business earned $0.68 earnings per share. The business’s revenue was up 9.0% compared to the same quarter last year. As a group, equities analysts forecast that TechnipFMC will post 3.20 earnings per share for the current year.

About TechnipFMC

TechnipFMC plc (NYSE: FTI) is an energy technology and services company that designs, manufactures and delivers equipment and integrated solutions for the exploration, development and production of oil and natural gas resources. The company serves energy operators, engineering and construction firms, and other participants across the global energy industry.

TechnipFMC operates through two principal areas: Subsea and Surface Technologies. Its subsea business provides subsea production systems, subsea services, installation solutions and related technologies used to develop offshore fields.