World Kinect Corporation (WKC) to Distribute Quarterly Dividend of $0.23 on October 16th

World Kinect Corporation (NYSE:WKC) announced a quarterly dividend on Wednesday, September 16th. Stockholders of record on Monday, September 28th will be paid a dividend of $0.23 per share on Friday, October 16th. This represents a $0.92 dividend on an annualized basis and a dividend 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 annually for the last 6 consecutive years. World Kinect has a payout ratio of 31.1% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Performance

Shares of NYSE WKC opened at $35.67 on Friday. The stock has a market cap of $1.82 billion, a PE ratio of -11.11, a price-to-earnings-growth ratio of 0.55 and a beta of 1.16. World Kinect has a 1 year low of $22.21 and a 1 year high of $41.20. The firm has a fifty day moving average price of $36.53 and a 200-day moving average price of $30.96. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.06 and a quick ratio of 0.91.

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

About World Kinect

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.