IHS Chemical Week

People & Business :: Companies

FMC, Eastman To Buy Back Shares

11:16 AM MST | February 18, 2011 | Vincent Valk

FMC is launching a new $250 million share repurchase program, the company announce today. The company replaces an existing program, authorized in April 2007, under which the company has repurchased $135 million in common shares.  The company expects the new program to be completed over the course of the next two years. FMC has also raised its quarterly dividend, by 20%, to 15 cts/share. The dividend will be paid on April 21 to shareholders as of March 31. "We believe that the cash flow from our businesses and the company's strong balance sheet will...

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