How To Earn $500 A Month From FMC Stock Ahead Of Q1 Earnings
Portfolio Pulse from Avi Kapoor
FMC Corporation (NYSE:FMC) is set to release its Q1 earnings after the close on May 6, with expected earnings of 33 cents per share, down from $1.77 a year ago, and projected revenue of $1.01 billion, down from $1.34 billion. The company declared a quarterly dividend of 58 cents per share, maintaining a dividend yield of 3.75%. To earn a monthly dividend income of $500, an investor would need approximately 2,586 shares, equating to $159,944 worth of FMC stock. The article also explains how dividend yield changes with stock price and dividend payment adjustments. FMC shares rose 2.2% to close at $61.85 recently.
May 06, 2024 | 12:32 pm
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NEUTRAL IMPACT
FMC Corporation is anticipated to report lower Q1 earnings and revenue year-over-year but maintains a steady dividend payout, indicating a potential short-term impact on its stock price.
The expected decrease in earnings and revenue could concern investors, potentially impacting FMC's stock price negatively in the short term. However, the declaration of a consistent dividend might offset some concerns by appealing to dividend-focused investors, stabilizing the stock price. The recent 2.2% rise in FMC shares indicates a positive market reaction, possibly due to the dividend announcement or anticipation of the earnings release.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100