World Kinect Corporation (WKC) To Go Ex-Dividend on September 28th

World Kinect Corporation (NYSE:WKC) announced a quarterly dividend on Wednesday, September 16th. Investors of record on Monday, September 28th will be given a dividend of 0.23 per share on Friday, October 16th. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, September 28th.

World Kinect has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 6 years. World Kinect has a dividend 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 Price Performance

Shares of NYSE WKC opened at $35.99 on Friday. The company has a fifty day moving average price of $36.59 and a 200 day moving average price of $30.53. The firm has a market cap of $1.84 billion, a PE ratio of -11.21, a PEG ratio of 0.54 and a beta of 1.16. The company has a current ratio of 1.06, a quick ratio of 0.91 and a debt-to-equity ratio of 0.58. World Kinect has a 1-year low of $22.21 and a 1-year high of $41.20.

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

World Kinect Company Profile

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.