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MIAMI - World Kinect Corporation (NYSE:WKC) announced Tuesday that its board of directors has declared a quarterly cash dividend of $0.20 per share, representing an attractive yield of 3.74%. The dividend will be payable on October 16, 2025, to shareholders of record as of September 30, 2025. According to InvestingPro, the stock has delivered a solid 17.28% return over the past year.
World Kinect, headquartered in Miami, Florida, operates as a global energy management company that provides fulfillment and related services to customers in the aviation, marine, and land-based transportation sectors. The company, with a market capitalization of $2.18 billion, supplies natural gas and power in the United States and Europe, along with sustainability-related products and services. InvestingPro analysis shows the company maintains a GOOD financial health score, though it faces some challenges with profit margins.
The announcement came through a press release statement issued by the company. World Kinect trades on the New York Stock Exchange under the ticker symbol WKC, with InvestingPro data indicating the stock generally trades with low price volatility.
In other recent news, World Kinect Corporation has entered into a definitive agreement to acquire the Trip Support Services division of Universal Weather and Aviation for approximately $220 million. The deal involves a payment of $160 million in cash at closing and an additional $60 million to be paid over four years. This acquisition marks a significant move in expanding World Kinect’s service offerings. Furthermore, World Kinect has announced the appointment of Greg Piper to its Board of Directors. Piper, an experienced executive in the energy sector, brings over 35 years of expertise in operational, mergers and acquisitions, and business development. Since 2020, he has served as a senior independent adviser to executive management and investment fund managers. These developments highlight World Kinect’s strategic initiatives to enhance its leadership and expand its business operations.
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