FMC CORPORATION (NYSE:FMC) Files An 8-K Other EventsITEM 8.01. OTHER ITEMS
FMC Corporation (the "Company") announced today that its Board of Directors authorized the repurchase of up to an additional $1 billion of the Company's common stock. The new $1 billion share repurchase program is in addition to the previous authorization which is expected to expire before the end of the year. Although the share repurchase program does not include a specific timetable or price targets and may be suspended or terminated at any time, the Company expects that the program will be accomplished by mid-2020.
The Company's Board of Directors also announced its plan to increase dividends by approximately 142 percent, from $0.66 to $1.60 per year, commencing with the next quarterly dividend expected to be paid on January 17, 2019.
A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
FMC CORP ExhibitEX-99.1 2 fmc1232018ex991dividendinc.htm EXHIBIT 99.1 Exhibit Exhibit 99.1 FMC Corporation 2929 Walnut Street Philadelphia,…To view the full exhibit click here
About FMC CORPORATION (NYSE:FMC)
FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates through three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. The Company’s FMC Agricultural Solutions segment develops, markets and sells over three classes of crop protection chemicals, including insecticides, herbicides and fungicides. Its FMC Health and Nutrition segment focuses on nutritional ingredients, health excipients and functional health ingredients. FMC Health and Nutrition is a supplier of microcrystalline cellulose, carrageenan, alginates, natural colorants, pectin and omega-3, which has applications in the production of food, pharmaceutical, nutraceutical and other specialty consumer products. Its FMC Lithium segment manufactures lithium for use in a range of lithium products, which are used in energy storage, specialty polymers and chemical synthesis application.