Things have been getting from bad to worse for FMC Corporation (FMC). The stock is down over 22% for the year and has lost 92% from its all-time high that it reached in April 2022. Currently, it is trading near the lowest price level in over two decades even as the company explores “strategic options,” including a possible sale.
As is usually the case with troubled companies, FMC slashed its dividend by a whopping 86% last year, a possibility I had discussed in one of my articles. However, despite the cut, FMC still has a dividend yield of nearly 3%, which is well over twice the S&P 500 Index ($SPX).
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