World Kinect Corporation Declares Regular Quarterly Cash Dividend and Announces Additional $200 Million Share Repurchase Authorization
World Kinect Corporation (WKC)
Company Research
Source: Business Wire
MIAMI--(BUSINESS WIRE)--World Kinect Corporation (NYSE: WKC) announced today that its Board of Directors has declared a quarterly cash dividend of $0.17 per share, which is payable on October 16, 2024 to shareholders of record on September 30, 2024.Additionally, the Board of Directors approved an additional $200 million share repurchase authorization. The new authorization is in addition to the Company’s previous authorization, which had approximately $108 million remaining as of June 30, 2024.“Increasing our share repurchase authorization highlights our strong financial position and continued ability to deliver solid free cash flow,” said Ira Birns, Executive Vice President and Chief Financial Officer. “We remain committed to our capital allocation framework, which includes investing in strategic operational opportunities, synergistic acquisitions to accelerate growth and returning capital to shareholders through buybacks and dividends to drive long-term shareholder value.”Share
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WKC
News
- World Kinect Co. (NYSE: WKC) was downgraded by analysts at Stifel Nicolaus from a "buy" rating to a "hold" rating. They now have a $32.00 price target on the stock, down previously from $33.00.MarketBeat
- World Kinect Corporation Reports Third Quarter 2024 ResultsBusiness Wire
- World Kinect Corporation to Host Third Quarter 2024 Earnings Conference Call on October 24, 2024Business Wire
- World Kinect Co. (NYSE: WKC) had its price target raised by analysts at JPMorgan Chase & Co. from $29.00 to $32.00. They now have a "neutral" rating on the stock.MarketBeat
- World Kinect Co. (NYSE: WKC) was downgraded by analysts at Morgan Stanley from an "equal weight" rating to an "underweight" rating. They now have a $28.00 price target on the stock.MarketBeat
WKC
Earnings
- 10/24/24 - In-Line