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MOSCOW (MRC) -- Diversified chemical
company FMC Corporation says it will raise its quarterly cash dividend by 9%,
reported Chemweek.
The dividend, now
48 cent/share, will be paid on 21 January 2021 to shareholders of record as of
31 December 2020
“Today's announcement reflects our policy to increase
the dividend by at least the same rate of net income growth, as a part of our
overall commitment to return excess cash to shareholders,” says Andrew Sandifer,
executive vice president and CFO at FMC.
As MRC wrote previously,
in 2012, FMC Corporation completed the acquisition of Phytone, a UK-based
producer of natural colours. Phytone's natural colour products and formulations
are used by the personal care, food, beverage and nutrition industries. FMC
operates its businesses in three segments, including FMC BioPolymer, FMC
Agricultural Products and FMC Alkali Chemicals.
And in 2017, FMC
Corporation and DuPont announced the
signing of a definitive agreement for FMC to acquire the portion of DuPont's
Crop Protection business it had to divest to comply with the European
Commission ruling related to its merger with The Dow Chemical Company. September
production of primary polymers decreased to 852,000 tonnes from 888,000
tonnes in August due to shutdowns in Tomsk, Ufa and Kazan. Overall output of
polymers in primary form totalled 7,480,000 tonnes over the stated period, up by
16.4% year on year.
We remind that Russia's output of chemical
products rose in September 2020 by 6.7% year on year.
At the same time,
production of basic chemicals increased year on year by 6.1% in the first nine
months of 2020, according to Rosstat"s data. According to the Federal State
Statistics Service of the Russian Federation, polymers in primary form accounted
for the greatest increase in the January-September output. |
