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MIAMI - World Kinect Corporation (NYSE:WKC), a global energy management firm, has declared a quarterly cash dividend of $0.17 per share, representing a 2.48% yield. The dividend is scheduled to be paid on April 16, 2025, to shareholders on record as of March 31, 2025. According to InvestingPro data, the company has maintained dividend payments for 31 consecutive years and has raised its dividend for six straight years.
The company, with its headquarters in Miami, Florida, caters to over 150,000 customers across various sectors, including aviation, marine, and land transportation. With annual revenue of $42.17 billion and a market capitalization of $1.58 billion, World Kinect is known for providing a range of services, from natural gas and power supply in the United States and Europe to a suite of sustainability-related products.
This dividend announcement follows World Kinect’s ongoing efforts to deliver value to its shareholders and reflects its commitment to consistent financial returns. The company’s diversified service offerings in the energy sector position it as a key player in energy management and sustainability solutions. InvestingPro analysis indicates the stock is currently trading below its Fair Value, with additional insights available in the comprehensive Pro Research Report covering this prominent player in the Oil, Gas & Consumable Fuels industry.
The distribution of dividends is a common practice among publicly traded companies, allowing shareholders to partake in a company’s profits. The declaration of dividends by World Kinect signifies its financial health and its board of directors’ confidence in the company’s ability to generate sufficient cash flow.
World Kinect’s operations extend across critical energy markets, and the company’s fulfillment services are integral to the functioning of the transportation sectors it serves. By supplying natural gas and power, World Kinect plays a pivotal role in energy provision, while its sustainability services align with the growing global emphasis on environmental responsibility.
The information regarding the dividend declaration is based on a press release statement from World Kinect Corporation. The company’s strategic financial decisions, including this dividend declaration, are closely watched by investors and market analysts as indicators of its performance and management’s outlook on future profitability. InvestingPro data shows the company maintains a GOOD financial health score, with notably low price volatility, making it an interesting consideration for value-focused investors.
Investors and those interested in the company’s financial strategies may find additional details on World Kinect’s official website or by contacting their investor relations team directly.
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