MIAMI - World Kinect Corporation (NYSE:WKC), a global energy management company with a focus on the transportation sector, has announced a quarterly cash dividend of $0.14 per share. The Miami-based firm, which offers a comprehensive range of energy and fuel services, is also actively pursuing sustainable low-carbon energy solutions.
The dividend is payable on January 16, 2024, to shareholders of record as of December 18, 2023. This announcement, made on Thursday, aligns with World Kinect's ongoing commitment to providing value to its shareholders while advancing its portfolio of renewable energy solutions and sustainability programs.
InvestingPro Insights
World Kinect Corporation (NYSE:WKC) continues to demonstrate its commitment to shareholder returns, as evidenced by its recent dividend announcement. With a focus on sustainable energy solutions, WKC is not only advancing in the realm of renewables but also ensuring consistent value delivery to its investors. According to InvestingPro Tips, WKC has raised its dividend for 4 consecutive years and has maintained dividend payments for 30 consecutive years, signaling a strong and stable financial posture.
On the financial front, InvestingPro Data reveals that WKC has a market capitalization of $1.24 billion and is trading at a price-to-earnings (P/E) ratio of 11.68, with an adjusted P/E ratio for the last twelve months as of Q3 2023 at a slightly lower 10.77. This suggests that the company is valued reasonably in terms of its earnings. Furthermore, the company's revenue for the last twelve months as of Q3 2023 stands at $49.59 billion, despite a decline in revenue growth by -10.02% during the same period. The dividend yield as of the end of September 2023 was 2.73%, which is an attractive figure for income-focused investors.
For those seeking more insights, there are additional InvestingPro Tips available for WKC, which can be found by visiting the dedicated page at https://www.investing.com/pro/WKC. With the current special Cyber Monday sale, subscriptions to InvestingPro are now available at discounts of up to 60%, and using the coupon code sfy23 will grant an extra 10% off a 2-year InvestingPro+ subscription.
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