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

World Kinect Corporation (NYSE:WKC) announced a quarterly dividend on Thursday, June 18th. Shareholders 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 yield of 2.7%. 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 increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 6 consecutive 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 $2.43 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 37.9%.

World Kinect Stock Up 4.0%

WKC stock opened at $33.47 on Friday. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of -3.28, a price-to-earnings-growth ratio of 0.69 and a beta of 1.22. The company has a 50-day moving average of $28.61 and a two-hundred day moving average of $26.17. World Kinect has a 52-week low of $22.21 and a 52-week high of $33.72. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.05 and a quick ratio of 0.87.

World Kinect (NYSE:WKC) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.44. World Kinect had a positive return on equity of 8.27% and a negative net margin of 1.53%.The business 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 company posted $0.48 earnings per share. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. World Kinect has set its FY 2026 guidance at 2.650-2.850 EPS. As a group, equities research analysts anticipate that World Kinect will post 2.79 EPS for the current year.

Insider Transactions at World Kinect

In other World Kinect news, CAO Michael John Kroll sold 2,100 shares of World Kinect stock in a transaction on Monday, May 4th. The shares were sold at an average price of $27.30, for a total transaction of $57,330.00. Following the sale, the chief accounting officer owned 10,390 shares in the company, valued at $283,647. The trade was a 16.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Michael J. Kasbar sold 19,300 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $30.17, for a total transaction of $582,281.00. Following the completion of the sale, the chairman directly owned 1,021,450 shares in the company, valued at $30,817,146.50. This trade represents a 1.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 97,928 shares of company stock worth $2,773,265 over the last quarter. 3.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On World Kinect

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Numerai GP LLC bought a new stake in World Kinect in the third quarter valued at $2,557,000. UBS Group AG raised its stake in shares of World Kinect by 38.1% in the fourth quarter. UBS Group AG now owns 226,440 shares of the company’s stock valued at $5,305,000 after acquiring an additional 62,492 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of World Kinect by 64.1% in the 3rd quarter. American Century Companies Inc. now owns 1,042,766 shares of the company’s stock worth $27,060,000 after acquiring an additional 407,225 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in World Kinect during the 4th quarter worth approximately $413,000. Finally, GSA Capital Partners LLP increased its holdings in World Kinect by 98.6% during the 4th quarter. GSA Capital Partners LLP now owns 96,774 shares of the company’s stock valued at $2,267,000 after purchasing an additional 48,048 shares in the last quarter. 97.06% of the stock is owned by institutional investors.

World Kinect Company Profile

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.