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The company held its quarterly dividend steady at $0.14 per share on September 21, yielding a current rate of 2.77%. This is 1.13 standard deviations above the historical average, indicating an attractive return for investors. The dividend payout ratio stands at 0.31, with a three-year growth rate of 0.40%.
Institutional ownership in World Kinect saw changes last quarter, with an average portfolio weight of 0.13% in WKC and total institutional shares amounting to 66,027K. Among the 523 institutional shareholders are notable names such as IJR – iShares Core S&P Small-Cap ETF, Invesco, Boston Partners, Vanguard Total Stock Market Index Fund Investor Shares, and RWJ – Invesco S&P SmallCap 600 Revenue ETF.
The bearish put/call ratio is currently at 9.29, suggesting that investors are preparing for potential downside risk in the stock’s future performance. However, the strong financial forecasts and growing institutional interest could provide some balance to these market sentiments.
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