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NEWCASTLE & HOUSTON - TechnipFMC plc (NYSE:FTI), a global provider of technology solutions to the energy industry, has announced a quarterly cash dividend of $0.05 per share. The dividend is scheduled to be paid on April 2, 2025, to shareholders on record as of March 18, 2025, with the ex-dividend date also set for March 18, 2025.
The declaration of this dividend reflects the company’s ongoing commitment to return value to its shareholders. According to InvestingPro analysis, TechnipFMC’s financial health is rated as GOOD, with analysts expecting net income growth this year. TechnipFMC has emphasized that the forward-looking statements regarding future dividend payments are subject to risks and uncertainties, including those detailed in the company’s filings with the United States Securities and Exchange Commission.
TechnipFMC operates through two main business segments: Subsea and Surface Technologies. The company is known for its integrated projects, products, and services, which include proprietary technologies and digital innovation. With a workforce of approximately 21,000 employees, TechnipFMC aims to enhance project economics for clients and support the energy transition towards lower carbon intensity.
This dividend announcement is based on a press release statement from TechnipFMC plc.
In other recent news, TechnipFMC has secured a substantial contract with Shell (LON:SHEL) Nigeria Exploration and Production Company Limited. This contract, valued between $250 million and $500 million, involves the supply of Subsea 2.0® production systems for the Bonga North development project in Nigeria. This development will be recorded in TechnipFMC’s inbound orders for the fourth quarter of 2024. Additionally, Goldman Sachs has initiated coverage on TechnipFMC with a Buy rating, citing the company’s unique market position and potential for above-peer growth. The firm projects long-term EBITDA margins of around 21% and has set a price target of $38.00. Jefferies has also upgraded TechnipFMC’s stock rating from Hold to Buy, raising the price target to $40.00 due to consistent operational and commercial improvements. The firm’s confidence is bolstered by TechnipFMC’s record levels of Subsea awards and its proprietary iEPCI™ technology. Furthermore, TD Cowen has reiterated its Buy rating on TechnipFMC, maintaining a price target of $37.00, emphasizing the company’s leadership in the Subsea production equipment market and its competitive edge in the oilfield services sector.
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