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People & Business :: Companies

FMC to Buy Back Shares, Raise Dividend

11:52 AM MST | February 21, 2012 | Vincent Valk

FMC is planning to raise its quarterly dividend 20%, to 18 cts/share, the company says. The new dividend is payable on April 19 to shareholders as of March 30. FMC has also authorized a new, $250 million, share repurchase program, supplementing a $200 million buyback program announced last year. The current program will likely expire with $145 million new buybacks during the current quarter, FMC says.   FMC had $158.9 million in cash and cash equivalents as of the end of last year. The company reported $77.9 million in net income during the fourth-quarter of...

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