World Fuel Services Corporation (INT) Plans Quarterly Dividend of $0.06
World Fuel Services Corporation (NYSE:INT) declared a quarterly dividend on Wednesday, October 4th, RTT News reports. Shareholders of record on Monday, October 16th will be given a dividend of 0.06 per share by the oil and gas company on Monday, November 6th. This represents a $0.24 dividend on an annualized basis and a yield of 0.67%.
World Fuel Services Corporation has raised its dividend by an average of 17.0% per year over the last three years and has increased its dividend annually for the last 2 consecutive years. World Fuel Services Corporation has a dividend payout ratio of 10.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect World Fuel Services Corporation to earn $2.81 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 8.5%.
Shares of World Fuel Services Corporation (NYSE INT) traded up 0.36% during mid-day trading on Wednesday, reaching $35.81. 278,248 shares of the company’s stock traded hands. World Fuel Services Corporation has a 1-year low of $32.28 and a 1-year high of $47.49. The company has a market capitalization of $2.45 billion, a P/E ratio of 23.45 and a beta of 0.95. The firm has a 50-day moving average price of $34.65 and a 200-day moving average price of $36.08.
World Fuel Services Corporation (NYSE:INT) last announced its earnings results on Thursday, July 27th. The oil and gas company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.06). The company had revenue of $8.09 billion for the quarter, compared to the consensus estimate of $8.41 billion. World Fuel Services Corporation had a return on equity of 5.60% and a net margin of 0.34%. The firm’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.63 EPS. On average, equities research analysts forecast that World Fuel Services Corporation will post $2.26 earnings per share for the current fiscal year.
In other news, EVP Robert Alexander Lake sold 1,500 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $35.00, for a total value of $52,500.00. Following the completion of the sale, the executive vice president now directly owns 42,302 shares of the company’s stock, valued at $1,480,570. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Carlos M. Velazquez sold 6,850 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $33.74, for a total value of $231,119.00. Following the completion of the sale, the senior vice president now directly owns 16,946 shares of the company’s stock, valued at $571,758.04. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.
INT has been the subject of a number of analyst reports. Bank of America Corporation cut shares of World Fuel Services Corporation from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $41.00 to $36.00 in a research note on Tuesday, September 26th. BidaskClub upgraded shares of World Fuel Services Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Finally, Zacks Investment Research lowered shares of World Fuel Services Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company’s stock. World Fuel Services Corporation currently has a consensus rating of “Hold” and a consensus price target of $42.00.
World Fuel Services Corporation Company Profile
World Fuel Services Corporation is engaged in providing aviation, marine and land energy, logistics and technology solutions to customers and suppliers around the world. The Company operates through three segments: Aviation, Marine and Land. In its Aviation segment, the Company offers fuel and related products and services.
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