FMC Corporation hikes dividend by 9.4%

On December 14, 2022, FMC Corporation (FMC) declared a 9.4% dividend hike from $0.53 to $0.58 quarterly per share. This marks 5 consecutive years of dividend growth by the agricultural chemicals company. 

The next FMC dividend is payable on January 19, 2023, to shareholders of record as of the close of business on December 30, 2022. This is the 5th consecutive year FMC has increased its dividend. The new dividend yield is 1.8% at a stock price of $127.

FMC Corporation is an agricultural sciences company. FMC provides solutions to growers around the world with a portfolio of proprietary crop protection products and a robust pipeline fueled by innovative discovery and development capabilities in crop protection, plant health and professional pest and turf maintenance solutions. The company's insect control products include Rynaxypyr and Cyazypyr branded 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. In October 2018, FMC conducted an initial public offering of its Lithium business by spinning off Livent Corporation.