FMC Corp. Ranks High as Oversold Dividend Stock Opportunity
The DividendRank formula at Dividend Channel evaluates a large selection of dividend stocks based on a proprietary system. This approach identifies stocks that feature strong fundamentals alongside attractive valuations. Currently, FMC Corp. (Symbol: FMC) ranks in the top 50% of this universe, indicating it is one of the more compelling opportunities for investors looking to explore dividend-paying stocks further.
Adding to FMC Corp.’s appeal, shares entered oversold territory during trading on Friday, with prices dropping as low as $36.79 per share. Oversold territory is identified using the Relative Strength Index (RSI), a technical analysis tool that measures momentum on a scale from zero to 100. A stock is deemed oversold if its RSI falls below 30.
FMC Corp.’s recent RSI reading stands at 29.3. For context, the average RSI for dividend stocks monitored by Dividend Channel is 51.4. A declining stock price can offer better dividend yield opportunities, as investors can benefit from a higher yield when purchasing shares at lower prices. FMC currently offers an annualized dividend of $2.32 per share, which translates to an impressive annual yield of 6.15% based on a recent share price of $37.70.
For bullish investors, the current RSI of 29.3 suggests that the intense selling pressure may be waning, making it an opportune moment to explore potential entry points for buying shares. Fundamental data points, particularly the company’s dividend history, are essential for investors considering a bullish stance on FMC.
While dividends can often be unpredictable, analyzing the historical dividend chart below can provide insights into whether FMC’s latest dividend is likely to be sustained.
Click here to discover nine other oversold dividend stocks worth considering »
Also see:
- SNH Options Chain
- Institutional Holders of AU
- DELL Options Chain
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
