FMC Corporation Board Raises Dividend by 9 Percent
FMC Corporation (NYSE: FMC) has declared a quarterly dividend of 48 cents per share, marking a 9% increase from prior dividends. This dividend is payable on January 21, 2021, to shareholders of record by December 31, 2020. CFO Andrew Sandifer emphasized this decision aligns with FMC's strategy to return excess cash to shareholders in proportion to net income growth. The company, specializing in agricultural sciences, continues to innovate through its product portfolio and development pipeline, benefiting growers globally.
- Quarterly dividend raised by 9% to 48 cents per share.
- Demonstrates commitment to returning excess cash to shareholders.
- None.
PHILADELPHIA, Dec. 2, 2020 /PRNewswire/ --
FMC Corporation (NYSE: FMC) announced today that its board of directors declared a regular quarterly dividend of 48 cents per share, payable on January 21, 2021, to shareholders of record as of the close of business on December 31, 2020. This represents a 9 percent increase over the Company's previous quarterly dividend.
"Today's announcement reflects our policy to increase the dividend by at least the same rate of net income growth, as a part of our overall commitment to return excess cash to shareholders," said Andrew Sandifer, executive vice president and chief financial officer at FMC.
About FMC
FMC Corporation, an agricultural sciences company, provides innovative solutions to growers around the world with a robust product portfolio fueled by a market-driven discovery and development pipeline in crop protection, plant health, and professional pest and turf management. This powerful combination of advanced technologies includes leading insect control products based on Rynaxypyr® and Cyazypyr® active ingredients; Authority®, Boral®, Centium®, Command® and Gamit® branded herbicides; Talstar® and Hero® branded insecticides; and flutriafol-based fungicides. The FMC portfolio also includes biologicals such as Quartzo® and Presence® bionematicides. FMC Corporation employs approximately 6,400 employees around the globe. To learn more, please visit www.fmc.com.
FMC, the FMC logo, Rynaxypyr, Cyazypyr, Authority, Boral, Centium, Command, Gamit, Talstar, Hero, Quartzo and Presence are trademarks of FMC Corporation or an affiliate. Always read and follow all label directions, restrictions and precautions for use. Products listed here may not be registered for sale or use in all states, countries or jurisdictions. Hero® insecticide is a restricted use pesticide in the United States.
The Company's investor relations website, located at https://investors.fmc.com, should be considered as a recognized channel of distribution, and the Company may periodically post important information to the website for investors, including information that the Company may wish to disclose publicly for purposes of complying with the federal securities laws. After April 27, 2021, this type of information will no longer be provided by press release but will continue to be posted on the investor relations website.
Statement under the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements, which are based on management's current views and assumptions regarding future events, future business conditions and the outlook for the company based on currently available information. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any results, levels of activity, performance or achievements expressed or implied by any forward-looking statement. These factors include, among other things, the risk factors and other cautionary statements included within FMC's 2019 Form 10-K filed with the SEC as well as other SEC filings and public communications. FMC cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Forward-looking statements are qualified in their entirety by the above cautionary statement. FMC undertakes no obligation, and specifically disclaims any duty, to update or revise any forward-looking statements to reflect events or circumstances arising after the date on which they were made, except as otherwise required by law.
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SOURCE FMC Corporation
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