World Kinect Corporation Plans Quarterly Dividend of $0.20 (NYSE:WKC)

Key Points

• World Kinect Corporation has announced a quarterly dividend of $0.20 per share, which represents an annualized yield of 3.1% for shareholders.
• The company's payout ratio is 23.0%, indicating that its dividend is well-covered by earnings, with analysts predicting future earnings of $3.09 per share.
• World Kinect stock rose by 2.4% to $26.02, with notable trading volume of 557,719 shares exchanged during the trading session.

World Kinect Corporation (NYSE:WKC - Get Free Report) announced a quarterly dividend on Tuesday, September 16th, RTT News reports. Shareholders of record on Tuesday, September 30th will be paid a dividend of 0.20 per share on Thursday, October 16th. This represents a c) annualized dividend and a yield of 3.1%.

World Kinect has a payout ratio of 23.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect World Kinect to earn $3.09 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 22.0%.

World Kinect Stock Up 2.4%

Shares of World Kinect stock traded up $0.60 during trading hours on Tuesday, reaching $26.02. 557,719 shares of the company's stock were exchanged, compared to its average volume of 714,007. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 0.48. The company has a 50 day moving average of $26.82 and a two-hundred day moving average of $26.98. The stock has a market cap of $1.45 billion, a P/E ratio of 11.00, a P/E/G ratio of 1.15 and a beta of 1.38. World Kinect has a fifty-two week low of $22.70 and a fifty-two week high of $31.70.

World Kinect (NYSE:WKC - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.48 by $0.11. The firm had revenue of $9.04 billion during the quarter, compared to analysts' expectations of $9.32 billion. World Kinect had a positive return on equity of 7.07% and a negative net margin of 1.11%. On average, sell-side analysts forecast that World Kinect will post 2.56 EPS for the current fiscal year.

World Kinect Company Profile

World Kinect Corporation operates as an energy management company in the United States, the Americas, Europe, the Middle East, Africa, and the Asia Pacific. This segment also offers fuel management, price risk management, ground handling, dispatch services, and trip planning services, such as flight planning and scheduling, weather reports and overflight permits; payment and processing services; and operates a web-based marketplace platform.

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