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FMC Corporation (NYSE:FMC) recently declared a regular quarterly dividend of 58 cents per share, payable on Oct. 17, to shareholders of record as of the close of business on Sept. 30.
FMC will release its financial results for the second quarter, after the closing bell on Wednesday.
Analysts expect the Philadelphia, Pennsylvania-based company to report quarterly earnings at 55 cents per share, up from 50 cents per share in the year-ago period. FMC expects to post revenue of $1.04 billion, according to data from Benzinga Pro.
With the recent buzz around FMC, some investors may be eyeing potential gains from the company's dividends. As of now, FMC has a dividend yield of 3.97%, which is a quarterly dividend amount of 58 cents a share ($2.32 a year).
To figure out how to earn $500 monthly from FMC, we start with the yearly target of $6,000 ($500 x 12 months).
Next, we take this amount and divide it by FMC's $2.32 dividend: $6,000 / $2.32 = 2,586 shares
So, an investor would need to own approximately $151,203 worth of FMC, or 2,586 shares to generate a monthly dividend income of $500.
Assuming a more conservative goal of $100 monthly ($1,200 annually), we do the same calculation: $1,200 / $2.32 = 517 shares, or $30,229 to generate a monthly dividend income of $100.
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Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
The dividend yield is calculated by dividing the annual dividend payment by the current stock price. As the stock price changes, the dividend yield will also change.
For example, if a stock pays an annual dividend of $2 and its current price is $50, its dividend yield would be 4%. However, if the stock price increases to $60, the dividend yield would decrease to 3.33% ($2/$60).
Conversely, if the stock price decreases to $40, the dividend yield would increase to 5% ($2/$40).
Further, the dividend payment itself can also change over time, which can also impact the dividend yield. If a company increases its dividend payment, the dividend yield will increase even if the stock price remains the same. Similarly, if a company decreases its dividend payment, the dividend yield will decrease.
FMC Price Action: Shares of FMC fell 1.4% to close at $58.47 on Tuesday.
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Image created using artificial intelligence via Midjourney.
Posted In: FMC
