FMC Authorizes $250 Million of Share Repurchases and Increases Quarterly Dividend by 20 Percent
PHILADELPHIA, February 17, 2012 – FMC Corporation (NYSE: FMC) announced today that its Board of Directors authorized the repurchase of up to an additional $250 million of the company’s common shares. The company’s Board also declared a regular quarterly dividend of 18 cents per share, payable on April 19, 2012, to shareholders of record at the close of business on March 30, 2012. This represents an increase of 3 cents per share, or 20 percent, over the dividend declared on December 16, 2011.
“Today’s announcement reflects our confidence in FMC’s ability to continue healthy earnings and cash flow growth,” said Pierre Brondeau, FMC president, chief executive officer and chairman. “We are on track with our Vision 2015 plan to grow our existing businesses, pursue external growth opportunities and reward shareholders with additional liquidity through share repurchases and a growing dividend stream.”