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

World Kinect Corporation (NYSE:WKC) announced a quarterly dividend on Thursday, June 18th. Stockholders 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 dividend 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 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. Research 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 Price Performance

Shares of NYSE WKC opened at $31.04 on Friday. The firm has a 50-day simple moving average of $27.61 and a 200-day simple moving average of $25.84. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of -3.04, a price-to-earnings-growth 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 52 week low of $22.21 and a 52 week high of $32.24.

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