Fresenius Medical Care AG & Co. (FMS) to Issue Annual Dividend of $0.51

Fresenius Medical Care AG & Co. (NYSE:FMS) declared an annual dividend on Monday, April 24th. Shareholders of record on Monday, May 15th will be paid a dividend of 0.5137 per share on Friday, May 26th. This represents a yield of 1.17%. The ex-dividend date is Thursday, May 11th.

Fresenius Medical Care AG & Co. has decreased its dividend payment by an average of 2.1% per year over the last three years. Fresenius Medical Care AG & Co. has a payout ratio of 16.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Fresenius Medical Care AG & Co. to earn $2.41 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 14.9%.

Fresenius Medical Care AG & Co. (NYSE:FMS) last posted its quarterly earnings data on Wednesday, May 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.09. The firm had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.69 billion. Fresenius Medical Care AG & Co. had a net margin of 6.67% and a return on equity of 10.56%. During the same quarter in the previous year, the firm posted $0.75 EPS.

A number of analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Fresenius Medical Care AG & Co. from a “buy” rating to a “hold” rating in a report on Friday, February 24th. DZ Bank AG reaffirmed a “buy” rating on shares of Fresenius Medical Care AG & Co. in a report on Tuesday, March 7th. Royal Bank of Canada reaffirmed a “neutral” rating on shares of Fresenius Medical Care AG & Co. in a report on Wednesday, May 3rd. Societe Generale downgraded shares of Fresenius Medical Care AG & Co. from a “buy” rating to a “hold” rating in a report on Friday, February 24th. Finally, Sanford C. Bernstein reiterated a “buy” rating on shares of Fresenius Medical Care AG & Co. in a research report on Sunday, March 12th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $47.00.

A number of institutional investors have recently made changes to their positions in FMS. Dimensional Fund Advisors LP boosted its stake in Fresenius Medical Care AG & Co. by 13.9% in the first quarter. Dimensional Fund Advisors LP now owns 92,150 shares of the company’s stock valued at $3,882,000 after buying an additional 11,257 shares during the period. Geode Capital Management LLC boosted its stake in Fresenius Medical Care AG & Co. by 19.5% in the first quarter. Geode Capital Management LLC now owns 6,695 shares of the company’s stock valued at $282,000 after buying an additional 1,093 shares during the period. Finally, State Street Corp boosted its stake in Fresenius Medical Care AG & Co. by 1.2% in the fourth quarter. State Street Corp now owns 6,694 shares of the company’s stock valued at $283,000 after buying an additional 79 shares during the period. Hedge funds and other institutional investors own 2.52% of the company’s stock.

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About Fresenius Medical Care AG & Co.

Fresenius Medical Care AG & Co KGaA is a kidney dialysis company. The Company provides dialysis care and related services to persons suffering from end-stage renal disease (ESRD), as well as other healthcare services. The Company’s segments include North America Segment, the Europe, Middle East and Africa (EMEA) Segment, the Asia-Pacific Segment and the Latin America Segment.

12 Month Chart for NYSE:FMS

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