World Kinect Corporation (WKC) To Go Ex-Dividend on June 30th

World Kinect Corporation (NYSE:WKC) declared 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) dividend on an annualized basis 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 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 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 Stock Performance

Shares of WKC opened at $31.04 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.87 and a current ratio of 1.05. The stock has a market capitalization of $1.59 billion, a P/E ratio of -3.04, a P/E/G ratio of 0.64 and a beta of 1.22. The company’s fifty day moving average is $27.75 and its two-hundred day moving average is $25.88. World Kinect has a 1 year low of $22.21 and a 1 year high of $32.24.

World Kinect (NYSE:WKC) last released its earnings results on Thursday, April 23rd. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.31 by $0.44. The company had revenue of $9.69 billion during the quarter, compared to analysts’ expectations 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 revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the business earned $0.48 EPS. World Kinect has set its FY 2026 guidance at 2.650-2.850 EPS. On average, sell-side analysts predict that World Kinect will post 2.79 earnings per share for the current year.

Insider Activity at World Kinect

In other news, Director Paul H. Stebbins sold 20,828 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $27.69, for a total transaction of $576,727.32. Following the sale, the director owned 40,669 shares of the company’s stock, valued at $1,126,124.61. The trade was a 33.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Michael J. Kasbar sold 23,653 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $28.18, for a total value of $666,541.54. Following the completion of the sale, the chairman owned 1,062,797 shares in the company, valued at approximately $29,949,619.46. This represents a 2.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 97,928 shares of company stock valued at $2,773,265. 3.80% of the stock is currently owned by corporate insiders.

Institutional Trading of World Kinect

A number of institutional investors have recently bought and sold shares of the company. Royal Bank of Canada raised its stake in shares of World Kinect by 2.2% during the 1st quarter. Royal Bank of Canada now owns 68,228 shares of the company’s stock worth $1,934,000 after buying an additional 1,481 shares during the last quarter. AQR Capital Management LLC grew its stake in World Kinect by 16.5% in the 1st quarter. AQR Capital Management LLC now owns 119,198 shares of the company’s stock valued at $3,380,000 after acquiring an additional 16,874 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in World Kinect by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,972 shares of the company’s stock valued at $963,000 after acquiring an additional 1,497 shares during the last quarter. Millennium Management LLC increased its holdings in World Kinect by 3.3% during the 1st quarter. Millennium Management LLC now owns 525,697 shares of the company’s stock valued at $14,909,000 after acquiring an additional 16,738 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in World Kinect by 18.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 220,791 shares of the company’s stock valued at $6,262,000 after acquiring an additional 34,807 shares in the last quarter. 97.06% of the stock is currently owned by hedge funds and other institutional investors.

About World Kinect

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.