NEWCASTLE & HOUSTON - TechnipFMC plc (NYSE:FTI), a global provider of technology solutions to the traditional and new energy industries, has declared a quarterly cash dividend of $0.05 per share. The dividend is payable on April 3, 2024, to shareholders of record at the close of business on the New York Stock Exchange on March 19, 2024. The company specified that the ex-dividend date is set for March 18, 2024.
The announcement comes as part of the company's ongoing commitment to deliver value to its shareholders. TechnipFMC operates through two business segments: Subsea and Surface Technologies. It is known for its integrated projects, products, and services, and has been actively involved in transforming project economics for its clients.
TechnipFMC's approach includes leveraging proprietary technologies and comprehensive solutions to support the development of energy resources while aiming to reduce carbon intensity. The company also focuses on supporting its clients' energy transition ambitions, reflecting a broader industry trend towards sustainable energy practices.
The company's forward-looking statements regarding future dividend payments were qualified with caution, noting that they are subject to significant risks and uncertainties. These risks are detailed in the company's filings with the United States Securities and Exchange Commission, including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.
With approximately 21,000 employees, TechnipFMC emphasizes its culture of strong execution, purposeful innovation, and challenging industry conventions. The company also utilizes its website as a channel for distributing material information, encouraging stakeholders to visit www.TechnipFMC.com for updates.
This dividend declaration is based on a press release statement from TechnipFMC plc and reflects the company's financial actions as of the date of the announcement.
InvestingPro Insights
TechnipFMC plc (NYSE:FTI) has recently announced a quarterly cash dividend, reinforcing its commitment to shareholder value amidst a backdrop of expected financial improvements. Here are some insights based on the latest data from InvestingPro:
InvestingPro Data:
- The Market Cap of TechnipFMC stands at approximately $8.69 billion, highlighting the company's substantial presence in the energy sector.
- A notable Revenue Growth of 13.96% over the last twelve months as of Q3 2023 signals a positive trajectory in the company's financial performance.
- The Gross Profit Margin for the same period was reported at 15.2%, which, while demonstrating profitability, reflects the challenges in maintaining higher margins within the industry.
InvestingPro Tips:
- Analysts are optimistic about TechnipFMC's financial future, predicting that net income is expected to grow this year, which may bode well for future dividends and shareholder returns.
- Despite some analysts revising their earnings downwards for the upcoming period, the overall sales growth anticipated in the current year suggests that the company is expanding its market presence and revenue streams.
For investors seeking a deeper analysis, there are additional InvestingPro Tips available that can provide further guidance on TechnipFMC's financial health and investment potential. By visiting https://www.investing.com/pro/FTI, you can access these insights and consider using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. This offer can enhance your investment strategy with a more comprehensive understanding of TechnipFMC's financial landscape.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.