NEWCASTLE & HOUSTON - TechnipFMC plc (NYSE: NYSE:FTI), a global provider of technology solutions to the energy industry, announced a quarterly cash dividend of $0.05 per share. Eligible shareholders must be on record by the close of business on May 21, 2024, on the New York Stock Exchange. The company has set the ex-dividend date as May 20, 2024, with the payment date scheduled for June 5, 2024.
This dividend declaration follows TechnipFMC's consistent practice of returning value to its shareholders and reflects the company's financial health and commitment to its dividend policy. TechnipFMC's business includes two primary segments: Subsea and Surface Technologies. It is known for its integrated project delivery and technology-driven solutions that aim to improve project economics and support clients in the energy transition.
The company cautions investors that this announcement contains forward-looking statements, which are based on current expectations and involve various risks and uncertainties that could cause actual results to differ materially. These forward-looking statements include projections about future dividend payments and are not guarantees of future performance.
TechnipFMC has a robust presence in the energy sector, with around 21,000 employees worldwide, and is focused on driving change within the industry through innovation, digital transformation, and a commitment to reducing carbon intensity.
Investors are advised that the information in this announcement is based on a press release statement from TechnipFMC and should be considered in the context of the company's filings with the United States Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
TechnipFMC uses its website as a channel for distributing important company information and for updates on how it is influencing the industry landscape, interested parties can visit www.TechnipFMC.com for more information.
InvestingPro Insights
TechnipFMC's recent dividend announcement underscores the company's commitment to shareholder returns, aligning with the positive outlook reflected in the latest InvestingPro data and insights. The company's market capitalization stands at a solid $11.3 billion, indicating a significant presence in the energy sector. Despite a high P/E ratio of 494.13, the adjusted P/E ratio for the last twelve months as of Q4 2023 is more moderate at 91.14, which may reflect investor confidence in the company's future earnings potential.
InvestingPro Tips suggest that analysts are optimistic about TechnipFMC's performance, expecting net income and sales growth in the current year. This is corroborated by the company's revenue growth, which was 16.38% for the last twelve months as of Q4 2023. Additionally, the stock has demonstrated a strong return over the last three months, with a price total return of 30.09%, and an impressive 96.34% return over the last year, potentially appealing to growth-focused investors.
For those considering adding TechnipFMC to their portfolio, the company operates with a moderate level of debt and has been profitable over the last twelve months. While the gross profit margins are on the weaker side at 17.17%, the company's strategic focus on technology solutions for the energy industry may offer long-term growth opportunities as the sector evolves. Shareholders can also take note of the upcoming earnings date on April 25, 2024, to gain further insights into the company's financial trajectory.
For more detailed analysis and additional InvestingPro Tips on TechnipFMC, visit https://www.investing.com/pro/FTI. There are a total of 11 InvestingPro Tips available, providing a comprehensive overview of the company's prospects. Interested investors can also use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, enhancing their investment research with premium insights and data.
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