World Kinect Corporation Announces Quarterly Dividend of $0.23 (NYSE:WKC)

World Kinect Corporation (NYSE:WKC) declared a quarterly dividend on Wednesday, September 16th. Shareholders of record on Monday, September 28th will be paid a dividend of 0.23 per share on Friday, October 16th. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, September 28th.

World Kinect has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 6 years. World Kinect has a dividend payout ratio of 31.1% meaning its dividend is sufficiently covered by earnings. Analysts expect World Kinect to earn $2.56 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 35.9%.

World Kinect Stock Down 0.0%

Shares of NYSE WKC opened at $35.49 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.06 and a debt-to-equity ratio of 0.58. The company has a market cap of $1.82 billion, a P/E ratio of -11.06, a P/E/G ratio of 0.54 and a beta of 1.16. World Kinect has a 52 week low of $22.21 and a 52 week high of $41.20. The business has a 50-day simple moving average of $36.56 and a two-hundred day simple moving average of $30.45.

World Kinect (NYSE:WKC) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.54. World Kinect had a positive return on equity of 11.24% and a negative net margin of 0.43%.The firm had revenue of $13.59 billion for the quarter, compared to analysts’ expectations of $10.50 billion. During the same period in the prior year, the business posted $0.59 earnings per share. The company’s revenue was up 50.3% on a year-over-year basis. World Kinect has set its FY 2026 guidance at 3.200-3.400 EPS. Research analysts anticipate that World Kinect will post 3.6 earnings per share for the current fiscal year.

Insider Activity at World Kinect

In related news, Director John L. Manley sold 10,000 shares of the company’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $39.88, for a total value of $398,800.00. Following the completion of the transaction, the director directly owned 54,116 shares in the company, valued at approximately $2,158,146.08. The trade was a 15.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul H. Stebbins sold 33,445 shares of the stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $39.93, for a total value of $1,335,458.85. Following the completion of the transaction, the director directly owned 58,878 shares in the company, valued at approximately $2,350,998.54. This represents a 36.23% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 104,445 shares of company stock worth $3,915,119. Corporate insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On World Kinect

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Brandes Investment Partners LP raised its holdings in shares of World Kinect by 30.9% during the 4th quarter. Brandes Investment Partners LP now owns 3,845,750 shares of the company’s stock valued at $90,106,000 after buying an additional 907,490 shares in the last quarter. LSV Asset Management grew its position in World Kinect by 11.4% during the fourth quarter. LSV Asset Management now owns 1,938,804 shares of the company’s stock valued at $45,426,000 after acquiring an additional 198,076 shares during the last quarter. EVR Research LP grew its position in World Kinect by 23.3% during the fourth quarter. EVR Research LP now owns 740,000 shares of the company’s stock valued at $17,338,000 after acquiring an additional 140,000 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of World Kinect by 235.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 644,941 shares of the company’s stock worth $14,879,000 after acquiring an additional 452,462 shares in the last quarter. Finally, Pacer Advisors Inc. purchased a new position in shares of World Kinect during the fourth quarter worth approximately $9,427,000. 97.06% of the stock is currently owned by hedge funds and other institutional investors.

World Kinect Company Profile

World Kinect Corporation (NYSE: WKC) is an energy management company that provides fuel, energy and related services to customers in the aviation, marine and land transportation industries. Its offerings include the sourcing, marketing, distribution and delivery of conventional and alternative fuels, as well as energy procurement and risk-management solutions.

The company serves commercial airlines, business and general aviation operators, shipping companies, trucking and transportation businesses, government entities, utilities and other commercial customers.