World Kinect raises dividend by 18% to $0.20 per share

MIAMI - World Kinect Corporation (NYSE: WKC), a global energy management firm with a market capitalization of $2.16 billion, has increased its quarterly cash dividend to $0.20 per share, marking an 18% rise from the previous $0.17 per share. This boost brings the company’s dividend yield to 3.67%. The announcement came today, with the dividend set for distribution on July 16, 2025, to shareholders who are on record as of June 17, 2025.

Ira M. Birns, the company’s President and Chief Financial Officer, highlighted the firm’s history of shareholder returns, stating, "Over the past five years we have returned nearly $500 million to shareholders through dividends and share repurchases." Birns added that the dividend boost is a reflection of World Kinect’s ongoing commitment to maximizing shareholder value and its strategy of returning capital to its investors. According to InvestingPro, the stock generally trades with low price volatility, which may appeal to income-focused investors.

World Kinect Corporation, with its headquarters in Miami, Florida, operates in the energy sector, providing services and fulfillment to over 150,000 customers. The company’s reach spans various transportation sectors, including aviation, marine, and land transport. In addition to supplying natural gas and power in the United States and Europe, World Kinect offers a variety of sustainability-related products and services. InvestingPro data shows the company maintains a GOOD financial health score of 2.76, suggesting solid operational stability.

The company’s decision to increase its dividend comes as part of its broader financial strategy and reflects its current financial health and outlook. For deeper insights into World Kinect’s valuation and additional financial metrics, investors can access more than 30 exclusive analysis points available on InvestingPro. This move is likely of interest to current and potential investors as an indicator of World Kinect’s performance and management’s confidence in the company’s continued profitability.

The information in this article is based on a press release statement from World Kinect Corporation.

In other recent news, World Kinect Corporation has announced significant changes in its top management. Ira M. Birns has been promoted to President while maintaining his role as Chief Financial Officer. Alongside this, John P. Rau has been elevated to Chief Operating Officer. Both Birns and Rau will continue to report to Michael Kasbar, the Chairman and CEO. These leadership changes are part of World Kinect’s strategy to enhance its operational capabilities in the global energy distribution and solutions sector. Birns brings extensive experience in finance and risk management, while Rau has a strong background in jet fuel procurement and logistics. The company aims to strengthen its position in the evolving energy market with these strategic appointments.

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