World Kinect Corporation (NYSE:WKC) Increases Dividend to $0.23 Per Share

World Kinect Corporation (NYSE:WKC) announced a quarterly dividend on Thursday, June 18th. Investors of record on Tuesday, June 30th will be given a dividend of 0.23 per share on Thursday, July 16th. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date is Tuesday, June 30th. This is a 15.0% increase from World Kinect’s previous quarterly dividend of $0.20.

World Kinect has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 6 consecutive years. World Kinect has a dividend payout ratio of 27.0% meaning its dividend is sufficiently covered by earnings. Analysts expect World Kinect to earn $2.43 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 32.9%.

World Kinect Trading Down 0.7%

Shares of World Kinect stock opened at $31.04 on Friday. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of -3.04, a PEG ratio of 0.64 and a beta of 1.22. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 0.65. World Kinect has a 12-month low of $22.21 and a 12-month high of $32.24. The firm’s 50-day moving average price is $27.61 and its two-hundred day moving average price is $25.84.

World Kinect (NYSE:WKC) last released its earnings results on Thursday, April 23rd. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.31 by $0.44. The firm had revenue of $9.69 billion for the quarter, compared to analyst estimates of $9.29 billion. World Kinect had a negative net margin of 1.53% and a positive return on equity of 8.27%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the firm earned $0.48 EPS. World Kinect has set its FY 2026 guidance at 2.650-2.850 EPS. On average, analysts forecast that World Kinect will post 2.79 earnings per share for the current fiscal year.

World Kinect Company Profile

World Kinect Energy Services, Inc (NYSE: WKC) is a global energy services company specializing in fuel procurement, supply chain management and risk mitigation solutions. The company offers an integrated platform that facilitates the sourcing, trading and logistics of refined fuels, natural gas, liquefied natural gas (LNG) and renewable energy products. Its services are designed to help industrial, commercial and institutional clients optimize energy costs, comply with environmental regulations and manage price volatility.

In addition to traditional commodity trading and delivery, World Kinect provides a suite of value-added services that include carbon offset and decarbonization strategies, energy efficiency consulting and emissions reporting.