TechnipFMC authorizes additional share repurchase of up to $400M

TechnipFMC announced that its Board of Directors has authorized and declared a quarterly cash dividend of $0.05 per share. The Company intends to pay dividends on a quarterly basis, and this dividend represents $0.20 per share on an annualized basis. The Board has also authorized additional share repurchase of up to $400 million. Together with the existing program, the Company’s total share repurchase authorization has increased to $800 million, of which $200 million has been completed to date. The remaining authorization to repurchase up to $600 million represents more than seven percent of the Company’s outstanding shares at today’s closing price.