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

World Kinect Corporation (NYSE:WKC) announced a quarterly dividend on Thursday, March 19th. Shareholders of record on Monday, March 30th will be given a dividend of 0.20 per share on Thursday, April 16th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, March 30th.

World Kinect has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 6 years. World Kinect has a payout ratio of 27.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect World Kinect to earn $3.09 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 25.9%.

World Kinect Stock Up 0.3%

WKC stock opened at $22.67 on Friday. The stock has a market capitalization of $1.16 billion, a P/E ratio of -2.05, a P/E/G ratio of 0.59 and a beta of 1.14. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 0.92. World Kinect has a 1-year low of $22.21 and a 1-year high of $29.85. The business has a fifty day moving average price of $25.71 and a 200-day moving average price of $25.28.

World Kinect (NYSE:WKC) last released its quarterly earnings data on Thursday, February 19th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.17). World Kinect had a negative net margin of 1.66% and a positive return on equity of 6.62%. The business had revenue of $9.03 billion for the quarter, compared to analysts’ expectations of $9.41 billion. During the same period last year, the business earned $0.62 earnings per share. The company’s quarterly revenue was down 7.5% on a year-over-year basis. World Kinect has set its FY 2026 guidance at 2.200-2.400 EPS. Equities analysts forecast that World Kinect will post 2.56 earnings per share for the current fiscal year.

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.